Property summary
This exceptional investment opportunity presents a newly constructed, 1,153 square foot Starbucks drive-thru café located at 4030 Lakeland Ave N, Minneapolis, MN 55422. The property sits on a 0.33-acre lot and boasts a new 10-year lease with a highly creditworthy tenant (S&P: BBB+), commencing March 29, 2024, and expiring March 31, 2034. The lease includes four 5-year options, each with a 10% rent increase. The current Net Operating Income (NOI) is $115,000, resulting in a 6.00% cap rate,… and the asking price is $1,917,000. This location benefits from its position in a high-traffic retail corridor adjacent to Robin Center, a top-performing shopping center in Minnesota, based on consumer traffic data. Strong co-tenancy includes nationally recognized brands such as Dollar Tree, AutoZone, Sherwin-Williams, Walgreens, Dollar General, McDonald's, and U.S. Bank. The property enjoys excellent access to Highways 100 and 81, providing convenient access to Downtown Minneapolis and is within walking distance of North Memorial Hospital, one of the city's largest employers. The surrounding area boasts a dense, affluent population with a high average household income within a 5-mile radius. This property is situated in the Twin Cities MSA, known for its strong Midwest economy and proximity to the Minneapolis-St. Paul International Airport. The property's APN is 06-029-24-13-0078. This is a rare opportunity to acquire a high-performing, single-tenant retail property with significant upside potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
- Alternative use
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