Duluth Heights - Duluth, MN Retail Commercial Real Estate
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6 results
Address
Price
Size
DULUTH HEIGHTS
MN-194 & Trinity Rd
Duluth Heights, Duluth, MN
Located at the southeast corner of Central Entrance Highway 194 and Trinity Rd/Highway 53, this site is perfect for retail/service tenants. A portion of the site has been developed by Hampton Inn & Suites, as well as Texas Roadhouse, Leaving a prominent outlot remaining of 1.35 acres.
More info
58,806 SF
Hobby Lobby/PetSmart
1734 Mall Dr
Duluth Heights, Duluth, MN
Lot Size:1.95Acres
View Offering Memorandum and Document Vault
LONG TERM LEASES IN PLACE
After 4 years at the property, Hobby Lobby amended their lease on 7/26/16 extending the term through 7/1/2026. The amended lease includes two, five-year options. PetSmart has a new lease that expires on 3/31/27 with four, five-year renewal options. These two long-term leases provide long-term cash flow for years to come. LIMITED COMPETITION
Hobby Lobby and PetSmart both hold an excellent market position with limited competition within close proximity. Hobby Lobby’s only direct competition in the trade area is Michaels, while PetSmart’s only competition is Petco. STRONG CORPORATE TENANTS
Hobby Lobby is a closely-held, privately-owned chain of retail arts and crafts stores based in Oklahoma City, Oklahoma. They operate more than 750 stores in 47 states. Hobby Lobby is a highly successful big box retailer with a conservative corporate strategy that holds little corporate debt. PetSmart is the largest specialty pet retailer of services and solutions for the lifetime needs of pets with 1,500 pets stores in the United States, Canada, and Puerto Rico. PetSmart earned $7 Billion in revenue for 2017 and has an S&P rating of B+. GROCERY ANCHORED TENANT
PetSmart and Hobby Lobby benefit from the international grocery chain Aldi located on site. Aldi is currently on its first year of a 15-year ground lease. TRAFFIC COUNTS
Over 40,000 VPD provide the space excellent market exposure.
Sale:
$10,595,000
$10,595,000
1.95Acres
Burning Tree Plaza
5115 Burning Tree Rd
Duluth Heights, Duluth, MN
Ideally situated near Miller Hill Mall, the largest enclosed mall in the Northland that draws 450,000+ visitors from a 100-mile radius including 3 states and Canada.
More info
1,400 SF -
1,920 SF
1,920 SF
1303 Miller Trunk Highway
1307 Miller Trunk Hwy
Duluth Heights, Duluth, MN
Lot Size:4.21Acres
Sale:
$5,200,000
$5,200,000
4.21Acres
1725 Maple Grove Road
1725 Maple Grove Rd
Duluth Heights, Duluth, MN
Lot Size:1.21Acres
Sale:
$675,000
$675,000
1.21Acres
2210 Mountain Shadow Drive
2210 Mountain Shadow Dr
Duluth Heights, Duluth, MN
Sale:
$59,000
$59,000
More info
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Market Stats
Duluth Heights has 6 commercial real estate spaces for lease, representing 96,239 sqft space. 12 buildings are available for sale.
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