Building Details

Buildings 2

Listing Agency: JLL - Irvine (Orange County), California

Listed By: Jeffrey Cicurel · License #SL3541410 Show Phone

Source: Crexi

Added: Sep 8 Changed: Sep 11 Last Checked: Sep 14 at 6:42AM

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Investment Insights

Based on property information with market context.

This offering includes two freestanding retail buildings totaling 23,496 SF. One building contains 14,944 SF leased to Destination Pet, LLC under a planned 20-year Absolute Triple Net lease with four 5-year renewal options and 2.0% annual increases. The second building contains 8,552 SF and was previously used as a veterinary office. The site is zoned PUD, Planned Unit Development, supporting a range of retail and commercial uses.

The property is located at 2910 82ND ST in Chanhassen, within Arboretum Business Park, a 151-acre commercial and industrial campus with retail, office, and warehouse occupants. Life Time Fitness corporate headquarters is located less than a mile away, with more than 1,170 employees identified as the area's largest employer. The occupied space is supported by a corporate guarantee from Destination Pet, LLC, while the vacant building provides a separate lease-up or redevelopment component.

Key Highlights

• Two freestanding retail buildings totaling 23,496 SF
• 14,944 SF occupied by Destination Pet, LLC under a planned 20‑year Absolute NNN lease
• Four 5‑year renewal options with 2.0% annual increases

Property Analytics

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Current Use

Hound Dog Pet ... Kennel & Boarding Facility

Suggested Use

Top Pick Hair Salon Restaurant Auto Repair Shop Electrical Service Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

299

Businesses Nearby

24k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 32% Hotels & Casinos 9% Home Improvements & Furnishings 8%

Speedway Shops & Services

7,964 visits/mo 0.1 miles

Burger King Dining

7,563 visits/mo 0.5 miles

U.S. Bank Shops & Services

4,139 visits/mo 0.4 miles

Holiday Inn Express Chanhassen Hotels & Casinos

2,113 visits/mo 0.4 miles

Sherwin-Williams Paint Store Home Improvements & Furnishings

1,557 visits/mo 0.1 miles

Demographics for 55317, MN

21,774

Population

8,731

Households

2.5

Avg Household Size

41

Median Age

64%

College-Educated

98%

High-School Grad

13.1 sq mi

ZIP Area

1,662

Density / Sq Mi

$133,573

Median Household Income

$65,655

Median Earnings

$1,763

Median Rent

$505,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Includes an occupied absolute NNN component alongside a vacant former veterinary office with PUD zoning.

Where is this retail space located?

The property is located at 2910 82ND ST Chanhassen, MN.

What is the asking price?

The asking price for this property is $3,876,000.

What are key features of this property?

This property features: Two freestanding retail buildings totaling 23,496 SF; 14,944 SF occupied by Destination Pet, LLC under a planned 20‑year Absolute NNN lease; Four 5‑year renewal options with 2.0% annual increases