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1740 Mall Dr
Duluth, MN 55811
Savers · Retail Property For Sale
PROPERTY FACTS
ABOUT 1740 MALL DR , DULUTH, MN 55811
LONG TERM LEASE IN PLACE Savers 10-year net lease commenced on 1/1/2017 and includes two, five-year options with increases. Currently there is 8.5 years left providing cashflow for years to come. STRONG CORPORATE TENANT Savers (also DBA Value Village) is the largest for-profit Thrift Store chain in the world with over 300 locations in the US and Canada. GROCERY ANCHORED TENANT Savers benefits from the international grocery chain Aldi located on site. Aldi is currently on its first year of a 15 year ground lease. TRAFFIC COUNTS Over 40,000 VPD provide the space excellent market exposure. OUT-POSITIONS THE COMPETITION Savers holds an excellent market position compared to other discounted retailers, Goodwill (located further northwest isolated from core retail area) and Dollar Tree (further west with no visibility on Miller Trunk Highway).
PROPERTY TAXES
| Parcel Number | 010442700010 | Improvements Assessment | $443,000 |
| Land Assessment | $685,900 | Total Assessment | $1,128,900 |
PROPERTY TAXES
