Convenience Store with NNN Ground
1280 W 98th Street, Bloomington, MN 55431
For Sale
Contact for pricing
An NNN ground lease includes rent adjustments tied to CPI or a 2% floor.
Property Size5,618 SF
Lot Size1.09 Acres
Price / SF$1,001
Days on Market26
Property Features for 1280 W 98th Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Site & Location
Traffic Count
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Convenience Store
Building Details
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
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 CBRE - Atlanta
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Investment Insights
Based on property information with market context.
The 7-Eleven-branded convenience store occupies a 1.09-acre parcel and contains 5,618 square feet. Northern Tier Retail, LLC is the tenant under an NNN ground lease, with approximately 8.2 years remaining through December 31, 2034. Rent increases are set at the greater of CPI or 2%; the next adjustment is scheduled for January 1, 2027. The lease also includes two five-year renewal options with the same escalation structure.
At 1280 W 98th Street in Bloomington, the property fronts W 98th Street, which carries approximately 30,500 vehicles per day. The surrounding corridor carries roughly 106,000 vehicles per day.
At 1280 W 98th Street in Bloomington, the property fronts W 98th Street, which carries approximately 30,500 vehicles per day. The surrounding corridor carries roughly 106,000 vehicles per day.
Key Highlights
- 7‑Eleven‑branded convenience store leased to Northern Tier Retail, LLC
- 1.09‑acre site improved with a 5,618 SF store
- NNN ground lease with approximately 8.2 years remaining through December 31, 2034
Property Analytics
Current Use
Lease Details
30,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
160k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 34%
Apparel 9%
Electronics 2%
McDonald's
Dining
31,347 visits/mo
0.5 miles
Speedway
Shops & Services
19,826 visits/mo
0.1 miles
Duluth Trading Company
Apparel
14,367 visits/mo
0.3 miles
Wells Fargo
Shops & Services
13,500 visits/mo
0.3 miles
Starbucks
Dining
13,276 visits/mo
0.3 miles
Demographics for 55431, MN
19,767
Population
8,483
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
2,534
Density / Sq Mi
$103,125
Median Household Income
$55,545
Median Earnings
$1,704
Median Rent
$354,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Festival Foods — 401 W 98th St, Bloomington, MN 55420
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An NNN ground lease includes rent adjustments tied to CPI or a 2% floor.
Where is this grocery and convenience store located?
The property is located at 1280 W 98th Street Bloomington, MN.
What is the asking price?
The asking price for this property is $5,623,745.
What are key features of this property?
This property features: 7‑Eleven‑branded convenience store leased to Northern Tier Retail, LLC; 1.09‑acre site improved with a 5,618 SF store; NNN ground lease with approximately 8.2 years remaining through December 31, 2034
