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2590 Maplewood Dr
Maplewood, MN 55109
Tesla Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Approximately 11.5 Years Remaining on an Original 12.5-Year Modified Triple-Net (NNN) Lease
  • Two Percent (2%) Annual Rental Increases Beginning in Lease Year 3
  • Excellent Demographics With Over 266,191 Individuals in a Five-Mile Radius
  • Three (3), Five (5) Year Tenant Renewal Options
  • 2018 Complete Remodel with State of the Art Improvements
  • Average Household Income of over $75,000 Within a Five-Mile Radius – Allowing Tesla to Capitalize on the Affluent Consumer Base

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,797 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
3.12 AC
Zoning
C-400
Frontage
121’ on Conner Ave

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage

ABOUT 2590 MAPLEWOOD DR , MAPLEWOOD, MN 55109

This Tesla Center is located at 2590 U.S. Highway 61 in Maplewood, Minnesota. Maplewood is a city in Ramsey County, Minnesota. The city stretches along most of the northern and eastern borders of Saint Paul, and is located approximately ten minutes away from downtown Saint Paul. Maplewood is home to the corporate headquarters and main campus of 3M Corporation. The city is also home to the Maplewood Mall and St. John’s Hospital (184 licensed beds). The subject property is strategically located on U.S. Highway 61 situated between dealerships of many of the world’s most prominent automotive brands. Dealerships in the surrounding area include: Porsche, Audi, Mercedes-Benz, Alfa Romeo, Saab, FIAT, Volkswagen, Lexus, Toyota, Volvo, Nissan, Honda, Acura, Hyundai, and Mitsubishi. Additionally, there is a strong presence of major national retailers in the surrounding area. National tenants include: Costco, Menard’s, Sam’s Club, Home Depot, PetSmart, AutoZone, Target, McDonald’s, Chipotle, NAPA Auto Parts, CVS Pharmacy, FedEx, Sam’s Club, Planet Fitness, Northern Tool + Equipment, LA Fitness, Best Buy, Ashley Furniture Homestore, Kohl’s, Macy’s, Sears, JCPenney, PetCo, Red Lobster, Hobby Lobby, as well as many others. There are approximately 87,871 people within a three-mile radius of this property and 266,191 within a five-mile radius. The property is situated on U.S. Highway 61 North, which has an average daily traffic count of 36,946 vehicles. The subject property also benefits from its close proximity to Minnesota State Route 36, which has an average daily count of 64,000 vehicles per day. This Tesla Center is located approximately thirteen miles from downtown Minneapolis. Minneapolis is the county seat of Hennepin County, and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2017, Minneapolis is the largest city in the state of Minnesota and the 45th-largest in the United States. Renowned for its strong music and performing arts scenes, Minneapolis is home to both the award-winning Guthrie Theater and the historic First Avenue nightclub. The city serves as the primary business center between Chicago and Seattle, with Minneapolis proper containing America’s 10th-highest concentration of Fortune 500 companies. Five Fortune 500 companies make their headquarters within the city limits of Minneapolis: Target, U.S. Bancorp, Xcel Energy, Ameriprise Financial and Thrivent Financial. There are also several professional sports teams that call Minneapolis home, including: the Minnesota Lynx of the Women’s National Basketball Association, the Minnesota Timberwolves of the National Basketball Association, the Minnesota Twins of Major League Baseball, Minnesota United FC of Major League Soccer, and the Minnesota Vikings of the National Football League. As an integral link to the global economy, Minneapolis is categorized as a global city, with strengths in business, medicine, sports, manufacturing, culture, education, and research.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-29-22-12-0013
Land Assessment
$949,900
Improvements Assessment
$4,082,800
Total Assessment
$5,032,700
  • Listing ID: 17763959

  • Date on Market: 11/19/2019

  • Last Updated:

  • Address: 2590 Maplewood Dr, Maplewood, MN 55109

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