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7525 147th St W
Apple Valley, MN 55124
Starbucks & Sleep Number · Retail Property For Sale
PROPERTY FACTS
ABOUT 7525 147TH ST W , APPLE VALLEY, MN 55124
Starbucks and Sleep Number located within the high barrier to entry market of Apple Valley, MN, which is part of the Minneapolis-St. Paul MSA. Starbucks is an investment grade tenant and Sleep Number is a $1.44 billion dollar revenue company, with 2017 being a record year for revenue and net income. Both leases are for 10 years and have 10% rental increases every 5 years. The subject property is located within the primary retail trade area, which hosts all of the all the major anchors in the sub-market, and sits on the most trafficked intersection in the market. In addition to these fundamentals, the building features a drive thru and another end cap, positioning the asset to retain and attract top tier retailers. This location has excellent density and incomes in the $82-$106K range, as well as populations of 10,000-193,000 in a 1-5 mile radii with projected growth within the same range.
PROPERTY TAXES
| Parcel Number | 01-29000-01-010 | Improvements Assessment | $1,307,900 |
| Land Assessment | $778,000 | Total Assessment | $2,085,900 |
PROPERTY TAXES
