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Multi-Tenant Strip Retail Center

4945-4951 77th Street West, Edina, MN 55435

For Sale
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Fully leased retail space operates under NNN leases within a mixed-use district in Edina.

Property Size11,800 SF
Price / SF$560.08
Days on Market28

Property Features for 4945-4951 77th Street West

General Information

Standard status Active
Size 11,800 SF
Property subtype Retail, Office
Occupancy 100%

Additional Details

Tenant in Place Yes

Building Details

Tenancy Multi
Listing Agency: CBRE - Tampa
Listed By: Jim Shiebler, CCIM, CEC · License #FL SL3347780
Source: Crexi
Added: Oct 13 Changed: Nov 8 Last Checked: Nov 8 at 5:58PM

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 CBRE - Tampa

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Investment Insights

Based on property information with market context.

At 4945-4951 77th Street West, this 11,800-square-foot retail property consists of a multi-tenant strip center and an outparcel. All space is occupied, and the leases use a NNN structure with scheduled rent increases. The property serves retail and food-and-beverage tenants in Edina, a Minneapolis suburb.

The center is positioned at the junction of Highway 100 and West 77th Street. It forms part of the Pentagon Village mixed-use campus, which includes residences, retail, restaurants, an office building, a planned Marriott-branded hotel, a parking garage, parks, gathering areas, and walking and biking paths. The airport and Mall of America are identified as nearby regional destinations, with the property situated 5 miles east of Minneapolis-St. Paul International Airport.

Key Highlights

  • 11,800 SF multi‑tenant retail center with an outparcel
  • 100% occupied
  • NNN leases with structured rent increases

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Electrical Service Furniture & Home Goods Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Pharmacy

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,970
Businesses Nearby
143k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 56% Hotels & Casinos 29% Shops & Services 15%
Olive Garden Dining
22,379 visits/mo 0.5 miles
Burger King Dining
22,056 visits/mo 0.4 miles
DoubleTree by Hilton Hotel Bloomington - Minneapolis South Hotels & Casinos
17,912 visits/mo 0.3 miles
Mister Car Wash Shops & Services
16,498 visits/mo 0.1 miles
Starbucks Dining
15,664 visits/mo 0.4 miles

Demographics for 55435, MN

14,170
Population
8,218
Households
1.7
Avg Household Size
45
Median Age
61%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
4,723
Density / Sq Mi
$75,829
Median Household Income
$61,848
Median Earnings
$1,716
Median Rent
$340,600
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

Frequently Asked Questions

What type of property is this?
Strip mall - Fully leased retail space operates under NNN leases within a mixed-use district in Edina.
Where is this strip mall located?
The property is located at 4945-4951 77th Street West Edina, MN.
What is the asking price?
The asking price for this property is $6,609,000.
What are key features of this property?
This property features: 11,800 SF multi‑tenant retail center with an outparcel; 100% occupied; NNN leases with structured rent increases
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