925 County Rd 42nd W Burnsville, MN 55306-4497

Property Details for 925 County Rd 42nd W

Year built

1978

Construction

CONCRETE

Lot size

0.66 lot acres

Property size

4,489 SF

Zone code

R

Property type

Banks

APN

02-15380-01-091

APU

21538001091

Description

This exceptional investment opportunity presents a 0.36-acre drive-thru bank property in Burnsville, Minnesota, boasting a prime location on County Road 42 West, a thoroughfare averaging over 49,000 vehicles daily. The property, built in 1992, features a 35-year ground lease with Wells Fargo Bank, currently yielding a 4.75% cap rate and a net operating income (NOI) of $115,000. The lease, commencing March 3, 1992, expires February 28, 2027, leaving approximately 2.3 years remaining. The property benefits from its proximity to the I-35W on/off ramp (less than half a mile), which sees over 78,000 vehicles daily, providing exceptional access to downtown Minneapolis (15 miles north). Situated as an outparcel to the 1.1 million square-foot Burnsville Center mall (anchored by Macy's, JCPenney, and Dick's Sporting Goods), this location enjoys high visibility and benefits from the surrounding dense retail environment, including Costco, Target, Hobby Lobby, and many other national retailers. The property's strong performance is further supported by robust demographics, with an average household income of $128,626 and a population of 170,781 within a 5-mile radius. Bank deposits at this location totaled $246 million as of June 30, 2023. This is a rare opportunity to acquire a well-established, high-performing retail investment with a strong tenant and excellent location. The property is currently 100% occupied.

Location Insight

City

Burnsville

County

Dakota

State

Minnesota

Longitude

-93.2911

Latitude

44.7461

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments