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4701-4751 Hiawatha Ave - Parkway Plaza

37,426 SF Retail Building Offered at $6,275,000 in Minneapolis, MN

Highlights

  • INFILL LOCATION WITH GROWING DENSITY
  • BELOW REPLACEMENT COST INVESTMENT
  • NEW CUB FOODS SHADOW ANCHOR
  • ACCESS CHANGING FOR THE BETTER

Investment Summary

INFILL LOCATION WITH GROWING DENSITY
1,300+ units delivered along the Hiawatha Blue Line LRT since 2003. Land supply is restricted and housing density is growing in infill locations in Minneapolis.

BELOW REPLACEMENT COST INVESTMENT
With construction pricing rising, Parkway Plaza offers a low basis to investors providing sustainable rent levels for local operating tenants.

NEW CUB FOODS SHADOW ANCHOR
Grocery continues to be the driver for most retail traffic and is the most targeted retail investments class. Parkway Plaza will benefit greatly from the new Cub Foods.

ACCESS CHANGING FOR THE BETTER
With the reconstruction of Snelling at E 46th Street, customers will have easier access into the property and will provide new road improvements at the intersection.

The Offering

  • Listing ID: 17596558
  • Date Created: 10/31/2019
  • Last Updated:

Links

Major Tenant Information

Tenant SF Occupied Lease End Date
Pet Supplies PLUS 7,380
South Minneapolis Walk-In Clinic LLC 5,000
Anytime Fitness 4,000
Dreamers Vault Games Minneapolis 4,000
US Cleaners 2,617
Subway 2,200
Domino’s Pizza 2,117
Hiawatha Alterations 2,117
Crystal Garden 2,117
Rise N Shine Childcare Center 500

Amenities

  • Bus Line
  • Signage
  • Pylon Sign

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Minnehaha Ave Nawadaha Blvd, SE 8,055 2018 0.09 mi
Nawadaha Blvd Minnehaha Ave, NE 1,536 2018 0.10 mi
Hiawatha Ave E 46th St, NW 20,990 2018 0.10 mi
E Minnehaha Pkwy 38th Ave S, W 10,035 2018 0.10 mi
E Minnehaha Pky 10,195 2012 0.10 mi

Transit/Subway

46th Street Station
(Hiawatha Line)
7 min walk 0.3 mi
50th Street/Minnehaha Park Station
(Hiawatha Line)
11 min walk 0.6 mi

Commuter Rail

Target Field Station Commuter Rail (Northstar Corridor)
13 min drive 5.9 mi

Airport

Minneapolis–Saint Paul International Airport
12 min drive 5.8 mi
Walk Score ®
62
Somewhat Walkable
Transit Score ®
63
Good Transit
Bike Score ®
79
Very Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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