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Lumen on Lagoon 1201-1211 Lagoon Ave 13 099 pi² 100% Loué Commerce de détail Immeuble Minneapolis, MN 55408 3 629 392 $ CAD (277,07 $ CAD/pi²) 9,31% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Above market in-place CAP RATE of 9.31%
- CorePower Yoga (since 2007) and SofaClub Cannabis (new 10-year lease) offer excellent credit anchor Tenants for 60% of the GLA
- Contact broker today for additional information and a tour
- Stable asset with value-add upside via rent increases or re-tenanting 57 FIT
- Outstanding Uptown location
RÉSUMÉ DE L'ANNONCE
EXECUTIVE SUMMARY | FULLY OCCUPIED UPTOWN RETAIL INVESTMENT
Grand Real Estate Advisors is proud to present Lumen on Lagoon, a prime street-level retail condominium opportunity in the heart of Uptown Minneapolis. This modern, fully occupied property offers an exceptional blend of stable income and immediate rent upside, located directly beneath four floors of owner-occupied residential units in a dynamic mixed-use development.
INVESTMENT HIGHLIGHTS
Exceptional Cap Rate: Offering a strong 9.3% In-Place Cap Rate based on an NOI of $241,975.80 (2026), providing immediate, stable cash flow.
Strong Anchor Tenancy: Over 60% of the GLA is secured by long-term leases with established national and regional tenants, including CorePower Yoga (through 2032) and SOFACLUB Cannabis (through 2036).
Immediate Value-Add Opportunity: 57 FIT occupies 25% of the GLA and is currently paying below market rates. The lease includes a clause allowing the new Owner to terminate tenancy by providing 90 days written notice, providing the flexibility to immediately re-tenant the space at higher market rates. Alternatively, an owner-user could occupy this portion of the building.
Affluent & Educated Demographics: Situated in a thriving, highly walkable area known for its strong median household income and high concentration of young professionals who support the surrounding eclectic dining, boutique shopping, and service-oriented businesses.
PROPERTY DETAILS
Address: 1211 Lagoon Avenue, Minneapolis, MN 55408
Gross Square Footage: 13,099 SF (Entire first floor; structured as 3 PID's - Condos)
Year Built: 2006 (Modern construction)
This is an unparalleled opportunity to acquire a stable, high-performing retail asset in one of Minneapolis' most energetic and consistently sought-after neighborhoods.
Contact Broker for confidential Offering Memorandum and full Rent Roll details.
Grand Real Estate Advisors is proud to present Lumen on Lagoon, a prime street-level retail condominium opportunity in the heart of Uptown Minneapolis. This modern, fully occupied property offers an exceptional blend of stable income and immediate rent upside, located directly beneath four floors of owner-occupied residential units in a dynamic mixed-use development.
INVESTMENT HIGHLIGHTS
Exceptional Cap Rate: Offering a strong 9.3% In-Place Cap Rate based on an NOI of $241,975.80 (2026), providing immediate, stable cash flow.
Strong Anchor Tenancy: Over 60% of the GLA is secured by long-term leases with established national and regional tenants, including CorePower Yoga (through 2032) and SOFACLUB Cannabis (through 2036).
Immediate Value-Add Opportunity: 57 FIT occupies 25% of the GLA and is currently paying below market rates. The lease includes a clause allowing the new Owner to terminate tenancy by providing 90 days written notice, providing the flexibility to immediately re-tenant the space at higher market rates. Alternatively, an owner-user could occupy this portion of the building.
Affluent & Educated Demographics: Situated in a thriving, highly walkable area known for its strong median household income and high concentration of young professionals who support the surrounding eclectic dining, boutique shopping, and service-oriented businesses.
PROPERTY DETAILS
Address: 1211 Lagoon Avenue, Minneapolis, MN 55408
Gross Square Footage: 13,099 SF (Entire first floor; structured as 3 PID's - Condos)
Year Built: 2006 (Modern construction)
This is an unparalleled opportunity to acquire a stable, high-performing retail asset in one of Minneapolis' most energetic and consistently sought-after neighborhoods.
Contact Broker for confidential Offering Memorandum and full Rent Roll details.
BILAN FINANCIER (RÉEL - 2026) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2026) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
13 099 pi²
Classe d’immeuble
B
Année de construction
2006
Prix
3 629 392 $ CAD
Prix par pi²
277,07 $ CAD
Taux de capitalisation
9,31%
Revenu net d’exploitation
337 779 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
5 étages
Coefficient d’occupation des sols de l’immeuble
0,75
Taille du lot
0,40 AC
Zone de développement économique
Oui
Zonage
C3A - Commerce de détail. Site approuvé pour le cannabis.
Façade
165’ sur Lagoon Ave
COMMODITÉS
- Intersection avec signalisation
PRINCIPAUX LOCATAIRES Cliquez ici pour accéder à
- LOCATAIRE
- SECTEUR
- pi² OCCUPÉ
- LOYER/pi²
- FIN DU BAIL
- 57FIT
- Arts, divertissement et loisirs
-
99,999 SF
- -
- -
-
- Arts, divertissement et loisirs
-
99,999 SF
- -
- -
CorePower Yoga, founded in Denver in 2002, operates a chain of heated and non-heated studio classes, online streaming, and teacher training. Acquired by private equity firm TSG Consumer Partners in 2019, it is privately held and offers brand-name class formats such as Power Yoga, Yoga Sculpt, and Strength X. The company grew from a single studio to over 220 locations across more than 23 states and D.C. It pioneered a franchising model, faced legal challenges over COVID-era closures in 2021, and is recognized for reshaping the yoga studio market through standardized branding and fitness-first offerings. In 2025, CorePower continues expansion with plans such as a new Fort Worth studio and a revamped app for on-demand classes.
- Cozy Cookie
- Hébergement et services alimentaires
-
99,999 SF
- -
- -
- SofaClub
- Détaillant
-
99,999 SF
- -
- -
| LOCATAIRE | SECTEUR | pi² OCCUPÉ | LOYER/pi² | FIN DU BAIL | ||
| 57FIT | Arts, divertissement et loisirs | 99,999 SF | - | - | ||
|
|
Arts, divertissement et loisirs | 99,999 SF | - | - | ||
| Cozy Cookie | Hébergement et services alimentaires | 99,999 SF | - | - | ||
| SofaClub | Détaillant | 99,999 SF | - | - |
Walk Score®
Un paradis pour un marcheur (98)
Bike Score®
Un paradis pour un cycliste (97)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
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Lumen on Lagoon | 1201-1211 Lagoon Ave
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