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Grocery-Anchored Retail Suite
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426 Pond Promenade, Chanhassen, MN 55317

Leasing a grocery-anchored retail suite with strong customer access and ample surface parking at a busy corner retail center.

Space SizeContact for details
Days on Market54

Property Features for 426 Pond Promenade

General Information

Standard status Active
Total Parking Spaces 55
Property subtype Neighborhood Center

Site & Location

Traffic Count 37,124 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: Colliers | Minneapolis-St. Paul
Listed By: Marilyn Fritze · License #40191437
Source: Thebrokerlist
Added: Jun 28 Changed: Aug 8 Last Checked: Aug 19 at 4:51AM

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 Colliers | Minneapolis-St. Paul

Investment Insights

Based on property information with market context.

Available for lease, Suite 426 offers 1,813 SF of retail space within a grocery-anchored shopping center. Lease terms are NNN with 2026 CAM estimated at $6.47 PSF and tax at $4.68 PSF. The listed lease rate is $25.00 PSF NNN.

The retail center totals 14,850 SF and is positioned at the SW corner of Hwy 5 and Great Plains Blvd. Customer access is designed for easy ingress and egress from these main roads, supported by prominent frontage. The center also offers approximately 55 surface stalls. Nearby traffic volumes include 37,124 VPD on Hwy 5 and 7,277 VPD on Great Plains Blvd.

This suite is a practical fit for retailers seeking daily shopping exposure in an established mix of national and regional tenants. The surrounding tenant roster includes grocery and service-oriented operators such as Cub Foods and Aldi, plus frequent-destination uses including Target, Chick-fil-A, Walgreens, Total Wine, and Culver’s. In addition, co-tenants onsite include fitness and wellness providers such as Johnson Fitness & Wellness, StretchLab, and Studio Pilates, along with dining and education offerings like Bonsai Sushi and New Horizon Academy.

Key Highlights

  • Available Suite 426: 1,813 SF in a 14,850 SF grocery‑anchored retail center
  • Lease rate $25.00 PSF with NNN terms; 2026 CAM: $6.47 PSF and tax: $4.68 PSF
  • SW corner positioning at Hwy 5 & Great Plains Blvd for visibility with prominent frontage and smooth customer ingress/egress

Property Analytics

Current Use

Code Ninjas Training Center

Suggested Use

Top Pick Building Supply Law Firm Kitchen & Bath Showroom Auto Parts Store HVAC Service Big Box & Wholesale Store

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

Lease Details

37,124 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$6.47 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

857
Businesses Nearby
322k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 51% Groceries 30% Shops & Services 15% Beauty & Spa 3%
Total Wine & More Groceries
39,100 visits/mo 0.1 miles
Cub Foods Groceries
38,808 visits/mo 0.4 miles
Chick-fil-A Dining
36,542 visits/mo 0.1 miles
Holiday Station Store Shops & Services
26,695 visits/mo 0.2 miles
McDonald's Dining
25,926 visits/mo 0.5 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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Frequently Asked Questions

What type of property is this?
Shopping center - Leasing a grocery-anchored retail suite with strong customer access and ample surface parking at a busy corner retail center.
Where is this shopping center located?
The property is located at 426 Pond Promenade Chanhassen, MN.
What are key features of this property?
This property features: Available Suite 426: 1,813 SF in a 14,850 SF grocery‑anchored retail center; Lease rate $25.00 PSF with NNN terms; 2026 CAM: $6.47 PSF and tax: $4.68 PSF; SW corner positioning at Hwy 5 & Great Plains Blvd for visibility with prominent frontage and smooth customer ingress/egress
More about this property
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