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Mainstreet Marketplace 12525 NE Ulysses St 18,760 SF 100% Leased Retail Building Blaine, MN 55434 $9,603,930 CAD ($511.94 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW STARBUCKS 10 YEAR LEASE AND DRIVE THRU - Starbucks opened a new store in July 2025 thereby increasing the traffic to the Property and its tenants.
- SUCCESSFUL AREA TENANTS - The tenants in the Property and surrounding intersection are some of the most successful in the Twin Cities
- NATIONAL SPORTS CENTER - Located just 3 miles south of the Property, the National Sports Center, the world’s largest amateur sports facility.
- STRONG HISTORICAL OCCUPANCY - Six of the eight tenants are original to the Property’s construction and have been in the building for 20+ years.
- DOWN THE STREET FROM 3RD LARGEST HIGH SCHOOL IN MN Blaine High School has 3,103 students and is located less than 2 miles west of the Property
- VALUE ADD -Opportunity to immediately add value by leasing up the Property’s vacancy, which is located directly adjacent to the newly opened Starbucks
EXECUTIVE SUMMARY
NEW STARBUCKS 10 YEAR LEASE AND DRIVE THRU - Starbucks opened a new store in July 2025 thereby increasing the traffic to the Property and its tenants.
STRONG HISTORICAL OCCUPANCY - Six of the eight tenants are original to the Property’s construction and have been in the building for 20+ years.
SUCCESSFUL AREA TENANTS - The tenants in the Property and surrounding intersection are some of the most successful in the Twin Cities, according to placer.ai.
DOWN THE STREET FROM 3RD LARGEST HIGH SCHOOL IN MN Blaine High School has 3,103 students and is located less than 2 miles west of the Property, providing a steady flow of customers to the area retailers.
NATIONAL SPORTS CENTER - Located just 3 miles south of the Property, the National Sports Center, the world’s largest amateur sports facility, has over 4 million annual visitors that boost the area businesses.
GROWING SUBURB - Blaine is one of the fastest growing suburbs in the Twin Cities, both historically and in projected growth. The city consistently adds approximately 1,000 residents annually.
VALUE ADD - Opportunity to immediately add value by leasing up the Property’s vacancy, which is located directly adjacent to the newly opened Starbucks.
STRONG HISTORICAL OCCUPANCY - Six of the eight tenants are original to the Property’s construction and have been in the building for 20+ years.
SUCCESSFUL AREA TENANTS - The tenants in the Property and surrounding intersection are some of the most successful in the Twin Cities, according to placer.ai.
DOWN THE STREET FROM 3RD LARGEST HIGH SCHOOL IN MN Blaine High School has 3,103 students and is located less than 2 miles west of the Property, providing a steady flow of customers to the area retailers.
NATIONAL SPORTS CENTER - Located just 3 miles south of the Property, the National Sports Center, the world’s largest amateur sports facility, has over 4 million annual visitors that boost the area businesses.
GROWING SUBURB - Blaine is one of the fastest growing suburbs in the Twin Cities, both historically and in projected growth. The city consistently adds approximately 1,000 residents annually.
VALUE ADD - Opportunity to immediately add value by leasing up the Property’s vacancy, which is located directly adjacent to the newly opened Starbucks.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,760 SF
Building Class
B
Year Built
2004
Price
$9,603,930 CAD
Price Per SF
$511.94 CAD
Cap Rate
6.50%
NOI
$624,385 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.11 AC
Zoning
DF & CC - DF - Development Flex
CC - Community Commercial
Parking
213 Spaces (11.35 Spaces per 1,000 SF Leased)
Frontage
232’ on NE Ulysses St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-31-23-34-0136 | Improvements Assessment | $1,019,709 CAD |
| Land Assessment | $557,110 CAD | Total Assessment | $1,576,819 CAD |
PROPERTY TAXES
Parcel Number
05-31-23-34-0136
Land Assessment
$557,110 CAD
Improvements Assessment
$1,019,709 CAD
Total Assessment
$1,576,819 CAD
CONTACTS
-
Amy Senn -
Bryce Thompson -
Eric Geskermann -
Joe Girardi -
Mid-America Real Estate Corp.
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Mainstreet Marketplace | 12525 NE Ulysses St
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