8100 Old Carriage Ct
Shakopee, MN 55379
Best Buy · Retail Property For Sale

Marcus & Millichap is pleased to present the Best Buy in Shakopee, Minnesota. This 30,000 square foot free-standing retail property was recently constructed in 2006. The property enjoys a convenient location immediately adjacent to Highway 21, Highway 169 and State Highway 13 with estimated traffic counts of 25,000, 63,000 and 52,000 vehicles per day respectively. The subject property is shadow anchored by Sam’s Club and Walmart and surrounded by dense retail development featuring dozens of national brands like Aldi, Home Depot, and more. Dense new housing surrounds this property to the west, south, and southeast. Best Buy has experienced strong growth since Hubert Joly was appointed CEO in 2012. Best Buy has aggressively pursued complementary partnerships with its competitor Amazon, selling a variety of “smart” devices. With a recent revenue of $42B, market cap of $21B, and a recent upgrade to a “BBB” rating by S&P ratings, Best Buy has been able to excel in the age of Amazon. Shakopee, Minnesota has enjoyed robust increases in population since the realignment of Highway 169 in the late 1990’s. The city is known for its large events and attractions such as Valleyfair Amusement Park, Canterbury Park, and the Minnesota Renaissance Fair. It is a suburb the to the 16th largest metropolitan area in the nation, Minneapolis-St. Paul.