6501 Richfield Pky
Richfield, MN 55423
TCF Bank · Retail Property For Sale

This is a single tenant (ground lease NNN) TCF Bank located within the Minneapolis MSA. This TCF Bank is ideally located on a 1.01 acre (43,995 SF) lot as an out-parcel to a Super Target and Home Depot anchored shopping center, and adjacent to Minneapolis-Saint Paul Int. Airport. The lease features 10% rental escalations every five-years with the next escalation scheduled for November 2022. Additionally, there are four five-year options following base lease, which expires in October 2027 (9 years remaining). With well above average deposits for a bank branch, this is a proven location for TCF Bank. Located within the Cedar Point Commons Shopping Center, a 350,000 square foot retail center, the subject property sits within Minneapolis’ premier retail shopping hub! Constant traffic is abundant along Highway 77 (65,000 CPD) as the Mall of America is located approximately two miles south of Cedar Point Commons along Highway 77. Additionally, there is an IKEA adjacent to the Mall of America as well as many other national retailers in the immediate area. The subject property is located in a dense area with over 322,000 people living within five miles radius of the property. There are high barriers to entry in the area as the land directly across Highway 77 is used for the Minneapolis/St. Paul International Airport. TCF Bank is a publicly traded company on the New York Stock Exchange (TCB), with a market capitalization of $2 billion. TCF Bank is an investment grade rated company with a Standard & Poor’s rating of BBB-.