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Wells Fargo Ground Lease Opportunity

925 Cty Rd 42 W, Burnsville, MN

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For Sale

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Drive-thru ground lease with strong demographics and high visibility.

Type:RETAIL

Property size:

4,489 SF

Lot size:

35.63 Acres

Price / SF:

$539/SF

HighLights

High traffic location: Excellent visibility with over 49,000 vehicles per day.
Strong demographics: $127,855 average household income within a 5‑mile radius.
Prime location: Outparcel to the Burnsville Center, a 1,100,100 square‑foot destination.
Stable tenant: Wells Fargo with a BBB+ S&P rating.
High Bank Deposits: $246 million in bank deposits as of June 30, 2023 at this location.
Strategic location: Burnsville is a large suburb, 15 miles south of downtown Minneapolis.

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Listing Contact

Deborah Vannelli

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For Sale

Contact for pricing

Drive-thru ground lease with strong demographics and high visibility.

Type:RETAIL

Property size:

4,489 SF

Lot size:

35.63 Acres

Price / SF:

$539/SF

Added:: Jun 1, 2022
Days on Market:: 1476
Last Refresh:: May 20 at 8:32 pm

Property Features for 925 Cty Rd 42 W

General Information

Standard status: Active
Size: 4,489 SF
Lot size: 35.63 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Deborah Vannelli

Listing agent Deborah Vannelli License #MN 20103724

Listing office Upland Real Estate Group, Inc

Listing date Jun 1, 2022

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group, Inc

HighLights

High traffic location: Excellent visibility with over 49,000 vehicles per day.
Strong demographics: $127,855 average household income within a 5‑mile radius.
Prime location: Outparcel to the Burnsville Center, a 1,100,100 square‑foot destination.
Stable tenant: Wells Fargo with a BBB+ S&P rating.
High Bank Deposits: $246 million in bank deposits as of June 30, 2023 at this location.
Strategic location: Burnsville is a large suburb, 15 miles south of downtown Minneapolis.

Overview

This Wells Fargo drive-thru ground lease is situated on an outparcel to the Burnsville Center, a 1,100,100 square-foot destination anchored by Macy’s, JCPenney, and Dick’s Sporting Goods. The location benefits from excellent visibility on County Road 42 West, which sees an average of over 49,000 vehicles per day. The property is supported by strong demographics, including an average household income of $127,855 and a population of 183,552 within a 5-mile radius. Bank Deposits as of June 30, 2023 are $246 million at this location. Burnsville is located 15 miles south of downtown Minneapolis and is the ninth-largest suburb in the metro area. Nearby tenants include Target, Costco, Total Wine, Ulta, Chipotle, Walgreens, Cub Foods, and At Home. Wells Fargo has over 5,500 locations in 33 states with an S&P rating of BBB+ and year end 2023 revenues of $73.8 billion. The property size is 4,489 square feet.

Location Intelligence

Current Use by Public Records

Banks

Map

City: Burnsville
County: Dakota
State: Minnesota
Longitude: -93.2936
Latitude: 44.733

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For sale
Banks
MN
Burnsville
925 Cty Rd 42 W

What type of property is this?

Bank - Drive-thru ground lease with strong demographics and high visibility.

Where is this bank located?

The property is located at 925 Cty Rd 42 W Burnsville, MN.

What is the asking price?

The asking price for this property is $2,421,000.

What are key features of this property?

This property features: High traffic location: Excellent visibility with over 49,000 vehicles per day.; Strong demographics: $127,855 average household income within a 5‑mile radius.; Prime location: Outparcel to the Burnsville Center, a 1,100,100 square‑foot destination.

925 Cty Rd 42 W, Burnsville, MN

Drive-thru ground lease with strong demographics and high visibility.

Property Features for 925 Cty Rd 42 W

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

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