4140 Dean Lakes Blvd
Shakopee, MN 55379
Dollar Tree · Retail Property For Sale

The subject is a single-tenant Dollar Tree located in the rapidly growing Twin Cities suburb of Shakopee, Minnesota. The property benefits from its positioning within the Dean Lakes development, which includes the major retail traffic driver, Lowe’s, and other retailers such as, JoAnn Fabrics, Slumberland, and CVS. Other major traffic drivers for the area are a Shutterfly manufacturing facility, an Amazon warehouse, and the horse track, Canterbury Park. Additionally, Canterbury has partnered with a local developer for a $400 million project that will eventually include nearly 600 apartments, 100 townhouses and senior housing, and a boutique hotel. Dollar Tree opened at this location in 2016 and signed a 10-year lease with scheduled rental increases in the renewal options. Dollar Tree is an investment grade tenant currently carrying an S&P rating of “BBB-“. Shakopee is a suburb of the Twin Cities. It has become one of the higher growth industrial submarkets, with the most notable additions being Amazon and Shutterfly. The recent influx of employers and population growth has led to new development across all product types. The city of Shakopee carries a population of roughly 40,000 residents, which is nearly double what it was 15 years ago.