1401 South 12th Avenue Virginia MN Virginia, MN 55792
Corporate leased Hobby Lobby with 9+ years remaining.
Type:Retail
Property size:
49,692 SF- Added:
- May 27, 2025
- Days on Market:
- 310
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 1401 South 12th Avenue Virginia MN
General Information
- Standard status
- Active
- Size
- 49,692 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agent Matthew Nadler License #MA 134870
Listing office Horvath & Tremblay
Listing date May 27, 2025
Source Crexi
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 Horvath & Tremblay
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
Location Insight
- Map
- Local Demand
- City
- Virginia
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.5563337
- Latitude
- 47.5114069
Nearby Similar for Sale
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 Avenue Virginia MN Virginia, MN.
What is the asking price?
The asking price for this property is $2,620,690.
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
