7500 Highway 55 3,899 SF Vacant Retail Building Greenfield, MN 55373 $1,072,000 ($274.94/SF) 6.50% Cap Rate

This dual-tenant retail property in Greenfield, Minnesota, offers investors a fully occupied asset with long-term income stability. The building is 100% leased to two established, service-oriented tenants: Subway and Lake Sarah Dental. With a net lease structure, both tenants reimburse for CAM and real estate taxes, reducing landlord management responsibilities and providing a predictable revenue stream.
Subway, an internationally recognized quick-service restaurant brand, recently exercised a 5-year renewal option and benefits from strong consumer traffic drawn by the surrounding retail corridor. Lake Sarah Dental is a full-service dental practice committed to ongoing care, ensuring a loyal patient base and extended tenancy through 2029 with built-in rent escalations.
The property is positioned along Highway 55, a key arterial road connecting western Twin Cities suburbs to Minneapolis-St. Paul, ensuring steady commuter and local traffic flow. Located within a vibrant retail corridor, the site benefits from proximity to major employers, schools, and complementary businesses, creating a robust consumer base. Offering a 6.50% cap rate and NOI of approximately $69,671, this listing represents an attractive income-generating opportunity with minimal rollover risk and potential appreciation in a growing suburban market.