Panera and Leeann Chin Retail
20170 Iberia Ave. Lakeville MN 55044., Lakeville, MN 55044
For Sale
New
$4,389,000
Corporate lease terms are 15 and 10 years, with both restaurant brands represented.
Property Size4,690 SF
Price / SF$935.82
Days on Market3
Property Features for 20170 Iberia Ave. Lakeville MN 55044.
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Tenant in Place
Amenities
New 15-Year NNN Lease with Panera Bread & 10-Year NNN Lease with Leeann Chin, Corporate Guaranties
Panera Bread Operates 2,253+ Locations, Leeann Chin Operates 40+ Locations
Brand New High-Quality Construction on Large 1.31± Acre Parcel
Rapidly Growing & Affluent Minneapolis-St. Paul Suburb, Serving Over 102,000 Residents Within 5 Miles
Exceptional Average Household Incomes, $150,000 in 1-Mile, $167,000 in 3 Miles and $157,000 in 5 Miles
Lakeville is One of the Fastest-Growing Cities in Minnesota, 14.1% Population Growth Since 2020
Adjacent to High-Performing Cub Foods Grocery Store, Surrounded by National Retailers
Excellent Visibility & Access Along Major Artery, Near I-35 With 66,800+ Cars/Day
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Marcus & Millichap | San Diego
Listed By:
Phil Sambazis · License #License(s): CA: 01474991
(858) 373-3174
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 6 at 5:03AM
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 Marcus & Millichap | San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Lakeville retail property includes Panera Bread and Leeann Chin, with corporate leases of 15 and 10 years. The building contains 4,690 square feet and was built in 2026.
The property is at 20170 Iberia Ave. in Lakeville, Minnesota, within the Minneapolis MSA.
The property is at 20170 Iberia Ave. in Lakeville, Minnesota, within the Minneapolis MSA.
Key Highlights
- Panera Bread and Leeann Chin are the named restaurant tenants
- Corporate leases have 15- and 10‑year terms
- 4,690‑square‑foot building
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 30%
Dining 22%
Cub Foods
Groceries
31,456 visits/mo
0.3 miles
Kwik Trip
Shops & Services
30,477 visits/mo
0.3 miles
McDonald's
Dining
19,571 visits/mo
0.3 miles
Wells Fargo
Shops & Services
6,478 visits/mo
0.5 miles
U.S. Bank
Shops & Services
4,901 visits/mo
0.2 miles
Demographics for 55044, MN
60,446
Population
22,519
Households
2.7
Avg Household Size
37
Median Age
54%
College-Educated
97%
High-School Grad
65.3 sq mi
ZIP Area
926
Density / Sq Mi
$140,612
Median Household Income
$69,991
Median Earnings
$1,730
Median Rent
$464,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Corporate lease terms are 15 and 10 years, with both restaurant brands represented.
Where is this strip mall located?
The property is located at 20170 Iberia Ave. Lakeville MN 55044. Lakeville, MN.
What is the asking price?
The asking price for this property is $4,389,000.
What are key features of this property?
This property features: Panera Bread and Leeann Chin are the named restaurant tenants; Corporate leases have 15- and 10‑year terms; 4,690‑square‑foot building
