4030 Lakeland N Ave, Robbinsdale, MN 55422-2236
- Commercial real estate
- 0.33 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4030 Lakeland N Ave
- Year built
- 1956
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.33 lot acres
- Property type
- Commercial real estate
- APN
- 06-029-24-13-0078
- APU
- 602924130078
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 7, 2025 | $1,749,000 | Omp Robbinsdale LLC | Ridgecrest Robbinsdale I LLC | Deed | $1M · First Resource Bank |
| Jan 23, 2023 | — | Ridgecrest Robbinsdale I LLC | Ridgecrest Investors LLC | Intrafamily Transfer · related | — |
| Dec 21, 2022 | $525,000 | Ridgecrest Investors LLC | Robbinsdale Property & Fuel Service | Warranty Deed | — |
| Dec 21, 2022 | $360,000 | Robbinsdale Property & Fuel Service | Robbinsdale Oil Company INC | Warranty Deed | — |
| Oct 3, 2017 | $360,000 | Robbinsdale Prop & Fuel Svcs L | Robbinsdale Oil Co | Dual Purpose Document · related | $260k · Robbinsdale Oil Co |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $475,000
- ML approach
- $490,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Robbinsdale
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3342
- Latitude
- 45.0294
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
