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Jared the Galleria of Jewelry - Availability Details

801 County Rd 42 W., Burnsville, MN 55306


Single-tenant Jared the Galleria of Jewelry (the “Property”) in Burnsville, MN. Situated on a larger 1.94 acre outparcel to the 1,100,000 square foot Burnsville Center, Jared has been operating on a NNN ground lease at this location since 2006. The initial 20-year lease has about 6 years remaining and calls for robust 12.5% rental increases in each of the four (4), five (5) year options which remain.  



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Location

  • City Burnsville, MN
  • Neighborhood Burnsville
  • Zip Code 55306
  • Market Minneapolis St Paul

Contacts

broker

Marc Mandel

Forged Real Estate

(610) 608-2621

broker

Steve Schrenk

Forged Real Estate

(610) 608-2621

broker

Marco DiPrinzio

Forged Real Estate

(610) 608-2621

Highlights

  • • Burnsville, MN is a part of the Minneapolis – St. Paul – Bloomington MSA, which is the largest MSA in the state and has seen a 21% increase in population since 2001 and has a projected growth of 5% throughout the first half of the 2020s.
  • • Jared the Galleria of Jewelry is situated as an outparcel to the 1,100,000 square foot Burnsville Center, along County 42 and adjacent to I-35 W. County 42 (45,290 VPD) and I-35 W (17,125 VPD) are major thoroughfares in the retail trade area.
  • • The Minneapolis MSA is tied for 7th in the country, with sixteen (16) Fortune 500 companies calling the MSA home. This includes UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp and General Mills. Just those companies alone add up to have revenues exceeding $759 billion.
  • • The Property is surrounded by a host of nearby, national retailers such as: Costco, The Home Depot, Target, ALDI, Best Buy, Kohl’s, At Home, Chick-fil-A, Starbucks, Old Navy, Petco, JC Penney, Macy’s, Barnes & Noble, Ulta Beauty, Planet Fitness and Olive Garden demonstrating the retail strength and further driving consumers to the area.
  • • The affluent surrounding area has shown consistent population growth within the past decade and is projected to continue to increase in the next five years. The population within 5 miles has an average household income of $112,000 and has increased 8.5% since the 2010 census.

Frequently Asked Questions

What year was Jared the Galleria of Jewelry built and finished?

Jared the Galleria of Jewelry was completed in 2006.

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