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Investment Highlights

  • Double Net Lease | Minimal Landlord Responsibilities
  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option
  • Approximately 20 Minutes Southwest from Mall of America in Bloomington, MN
  • Oversized 1.20 Acre Parcel | Outlot to Lowe's Anchored Shopping Center
  • Built-to-Suit Mattress Firm with 20-Year Roof Warranty in Place
  • Densely Populated and Highly Affluent Minneapolis Suburb

Executive Summary

Lowe's OutPad | Credit Enhancement Through Recent Acquisition w/ Tempur Sealy

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,048 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$2,609,702 CAD
Price Per SF
$644.69 CAD
Cap Rate
7.95%
NOI
$207,471 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.20 AC
Parking
25 Spaces (6.21 Spaces per 1,000 SF Leased)
Frontage
128’ on Deal Lakes Blvd

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Mattress Firm is a national retailer of mattresses and sleep products headquartered in Houston, Texas. The company was founded in 1986 and began as a single store before expanding into a nationwide chain through organic growth and acquisitions. Over time, the retailer increased its presence across major metropolitan markets, developing a wide selection of mattresses, bedding accessories, and related products offered through both physical stores and online channels. Its business has included partnerships with major mattress manufacturers and the development of private-label brands. Mattress Firm operates as a subsidiary under its parent organization and maintains a retail-focused model supported by distribution and customer service infrastructure.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
27-384-004-0
Land Assessment
$1,282,049 CAD
Improvements Assessment
$608,151 CAD
Total Assessment
$1,890,200 CAD
  • Listing ID: 36901255

  • Date on Market: 2025-07-24

  • Last Updated:

  • Address: 4070 Dean Lakes Blvd, Shakopee, MN 55379

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