100% Occupied 4-Tenant, National Credit Retail Development
Panera, Verizon, Vitamin Shoppe, Sleep Number | Duluth, MN
Marketing description
CBRE is pleased to present this “Best in Class” retail development located in Duluth, MN with 4 national retail brands, all of whom have been here since the property was developed in 2014. Panera, Verizon, Vitamin Shoppe and Sleep Number. Both Verizon and Vitamin Shoppe are significantly below market rent. Positioned at the high traffic signalized intersection of Miller Trunk Highway and Maple Grove Road along the city’s busiest commercial corridor, this high visibility site sits steps from Simon’s 831,000 SF Miller Hill Mall—the dominant shopping destination for the entire Northland region. The property is ideally suited for a first class retail development such as this, with strong traffic, excellent visibility and access, and proven national credit co tenancy.
Investment highlights
• Highly successful retail center with long term tenancy
• National retail brands featuring Panera Bread, Verizon, Vitamin Shoppe and Sleep Number
• Fixed rental increases
• Minimal landlord management obligations
• BELOW MARKET RENT WITH STRONG POTENTIAL TO INCREASE NOI
• Tremendous real estate with excellent visibility and access
• Directly “in the heart” of Duluth’s primary retail market surrounded by many national retailers
• Adjacent to Simon’s Miller Hill Mall – the dominant shopping destination for the region
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