Grocery Store with Long-Term
For Sale
Contact for pricing
4500 Excelsior Blvd, St Louis Park, MN 55416
Trader Joe’s grocery property at a signalized hard corner near Highway 100 and established retail, residential, and service uses.
Property Size13,740 SF
Price / SF$538.57
Days on Market138
Property Features for 4500 Excelsior Blvd
General Information
Standard status
Active
Size
13,740 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Net Operating Income
$392,119
Site & Location
Corner Location
Yes
Traffic Count
20,250 vehicles/day
Highway Access
Yes
Building Details
Year Built
2005
Buildings
1
Tenancy
Single
Listing Agency:
JLL - Minneapolis, Minnesota
Listed By:
Matt Hazelton · License #MN 40449423
Source:
Crexi
Added: Apr 15
Changed: Aug 29
Last Checked: Aug 29 at 2:45PM
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 JLL - Minneapolis, Minnesota
Investment Insights
Based on property information with market context.
The offering comprises a 13,740 SF grocery building occupied by Trader Joe’s, with operations at the site since January 2005. The lease runs through January 2032 and includes four additional five-year renewal options, providing potential occupancy through 2052. The sale conveys the fee-simple interest in the property, which was built in 2005.
Positioned at the signalized intersection of Excelsior Blvd and Monterey Dr, the site records 20,250 VPD on Excelsior Blvd and is near Highway 100, carrying 116,000 VPD. Neighboring retailers and service providers include Target, LA Fitness, CVS, Chase Bank, Chipotle, and Starbucks. The property is beneath the Excelsior & Grand Condominiums and near multiple multifamily complexes. Within three miles, average household income exceeds $150,000, while St. Louis Park has grown nearly 10% since 2010.
Positioned at the signalized intersection of Excelsior Blvd and Monterey Dr, the site records 20,250 VPD on Excelsior Blvd and is near Highway 100, carrying 116,000 VPD. Neighboring retailers and service providers include Target, LA Fitness, CVS, Chase Bank, Chipotle, and Starbucks. The property is beneath the Excelsior & Grand Condominiums and near multiple multifamily complexes. Within three miles, average household income exceeds $150,000, while St. Louis Park has grown nearly 10% since 2010.
Key Highlights
- 13,740 SF grocery building occupied by Trader Joe’s
- Lease runs through January 2032 with four additional 5‑year renewal options
- Fee‑simple interest; building constructed in 2005
Property Analytics
Property Profile
Current Use
Lease Details
20,250 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,072
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Shops & Services 18%
Dining 7%
Apparel 5%
Trader Joe's
Groceries
35,188 visits/mo
0.0 miles
Fresh Thyme Market
Groceries
11,842 visits/mo
0.3 miles
BP
Shops & Services
9,054 visits/mo
0.2 miles
Starbucks
Dining
5,466 visits/mo
0.2 miles
Orvis
Apparel
3,802 visits/mo
0.5 miles
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Lunds & Byerlys St Louis Park — 3777 Park Center Blvd, St Louis Park, MN 55416
- Lunds & Byerlys — 3777 park center blvd, st louis park, mn 55416
- Hazelwood Food & Drink - St Louis Park — 4450 Excelsior Blvd Suite #120, St Louis Park, MN 55416
- Target Grocery — 3601 MN-100, Minneapolis, MN 55416
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Trader Joe’s grocery property at a signalized hard corner near Highway 100 and established retail, residential, and service uses.
Where is this grocery and convenience store located?
The property is located at 4500 Excelsior Blvd St Louis Park, MN.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 13,740 SF grocery building occupied by Trader Joe’s; Lease runs through January 2032 with four additional 5‑year renewal options; Fee‑simple interest; building constructed in 2005
