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1401 South 12Th Ave, Unit Virginia MN Virginia, MN 55792

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For Sale
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Corporate leased Hobby Lobby with 9+ years remaining.

Property size:
49,692 SF
Lot size:
3.61 Acres

Property Features for 1401 South 12Th Ave

General Information

Standard status
Active
Size
49,692 SF
Lot size
3.61 Acres

Building Details

Year built
1970

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Listing Contact
Matthew Nadler
Matthew Nadler
Source: Crexi

Listing Agency: Horvath & Tremblay Listing Agent: Matthew Nadler

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

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Overview

Hobby Lobby Investment Opportunity

The property offered for sale is a corporate-leased Hobby Lobby investment located at 1401 S 12th Avenue W in Virginia, Minnesota. Hobby Lobby has occupied the property since 2020 and executed a 10-year lease extension in February 2025. The lease has over 9 years remaining with three 5-year renewal options. The lease includes rent increases of $0.35 per square foot every five years throughout the primary term and at the start of each renewal option. The property is situated within Uptown Virginia, an indoor shopping mall with over 350,000 square feet of retail space that is undergoing significant redevelopment. Uptown Virginia is anchored by Aldi, Harbor Freight, Tractor Supply Co, and Dunham Sports, and offers a variety of retail and dining options. The property is positioned along US Highway 53, the area’s primary commercial and commuter corridor, and is accessible from S 12th Avenue and 13th Street S, providing frontage and visibility from all three roadways. The property is near Target, Menards, and the Iron Trail Motors Event Center.
Location Intelligence

Current Use by Public Records

Angel Nail II Nail Salon Iron Range Dog ... Animal Training Hobby Lobby (Bike/Boat/Book/etc) Store Uptown Stylists Hair Salon Wells Fargo ATM Atm

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Virginia
County
St. Louis
State
Minnesota
Longitude
-92.5563337
Latitude
47.5114069

FAQs

What type of property is this?
Retail space - Corporate leased Hobby Lobby with 9+ years remaining.
Where is this retail space located?
The property is located at 1401 South 12Th Ave, Unit Virginia MN Virginia, MN.
What are key features of this property?
This property features: - Corporate lease with Hobby Lobby, a nationally recognized retailer; - Hobby Lobby recently executed a 10-year lease extension; - 9+ years remaining on the primary lease term with attractive rent increases
More about this property
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