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5033 Vernon Ave
Edina, MN 55436
Edina Retail Strip · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
18,424 SF
Building Class
B
Year Built
1963
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.41
Lot Size
1.03 AC
Zoning
PCD-2
Parking
100 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
419’ on Vernon Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
About 5033 VERNON AVE , EDINA, MN 55436
To download the Offering Memorandum, please visit: http://www.walgreensedinacenter.com AFFLUENT DEMOGRAPHICS Within 3 miles of the property, the average household income above $120,000 and 42.9% of households have an average income of $100,000 or more. GROCERY SHADOW-ANCHORED PROPERTY Adjacent to a grocery-anchored neighborhood center serving the greater area with the closest competitor over 1.5 miles away. CORPORATE CREDIT TENANT 84% of the base rental income at the property is from Walgreens, who has an S&P credit rating of BBB and is publicly traded on the NASDAQ: WBA. Walgreens has 18 years remaining on their current lease term.
Property Taxes
| Parcel Number | 28-117-21-31-0065 | Improvements Assessment | $5,095,100 |
| Land Assessment | $1,786,500 | Total Assessment | $6,881,600 |
Property Taxes
Parcel Number
28-117-21-31-0065
Land Assessment
$1,786,500
Improvements Assessment
$5,095,100
Total Assessment
$6,881,600
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