Wells Fargo Drive Thru Ground Lease
Wells Fargo Ground Lease | Burnsville, MN | 4.75%
Marketing description
This Wells Fargo Drive Thru Ground Lease is located on an out parcel
to the Burnsville Center along County Road 42 West which averages
over 49,000 vehicles per day. The on/exit ramp for I-35W sees over
78,000 vehicles per day and is less than half a mile east of the property
providing easy access to downtown Minneapolis. The Burnsville Center is
a 1.1 million square-foot mall anchored by Macy’s, JCPenney, and Dick’s
Sporting Goods. This Wells Fargo Drive Thru Ground Lease is in the heart
of this dense retail area. Nearby properties include Costco Wholesale,
Target, Hobby Lobby, Total Wine, Best Buy, The Home Depot, Chick-fil-A,
Cub Foods, Walgreens, Petco, Kohls, Starbucks, Raising Canes, Michaels
and many more.
Investment highlights
• Wells Fargo has 4,050+ locations in 33 states with an S&P rating of BBB+ and year end 2025 revenues of $83.7 billion.
• Bank Deposits as of June 30, 2025 are $216 million at this location.
• This Wells Fargo Drive Thru Ground Lease is located on an out parcel to the Burnsville Center, a 1,100,100 square-foot destination anchored
by JCPenney and Dick’s Sporting Goods. Nearby tenants include Target, Costco, Total Wine, Ulta, Chipotle, Walgreens, Cub Foods, At Home
and many more.
• This Wells Fargo Drive Thru Ground Lease has excellent visibility from County Road 42 West which averages over 49,000 vehicles per day.
• Strong demographics with an average household income of $128,626 and population of 170,781 within a 5-mile radius.
• Burnsville is 15 miles south of downtown Minneapolis and the ninth largest suburb in the metro area.
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