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Investment Details

Price: $2,421,000 Location: Burnsville, MN
Cap Rate: 4.75% Lease Type: Ground Lease
NOI: $115,000 Lease Expiration: February 2027
Demographic Information (5-Mile Radius)
2023 Population: 170,781
2028 Population: 172,092
2023 Average Household Income: $128,626
2023 Median Household Income: $99,585
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

WELLS FARGO DRIVE THRU GROUND LEASE

Burnsville | Minnesota
Highlights
Drone Video: https://www.youtube.com/watch?v=PUNz7pTvs0Y
• Wells Fargo has 5,500+ locations in 33 states, S&P rating of BBB+ & year end 2023 revenues of $73.8B
• Bank Deposits as of June 30, 2023 are $246 million at this location.
• This property is located on an out parcel to the Burnsville Center, a 1.1 million square-foot mall.
• This property has excellent visibility from County Road 42 West which averages over 49,000 VPD.
• Strong demographics with an average household income of $128,626 and population of 170,781.
• Burnsville is 15 miles south of downtown Minneapolis and the ninth largest suburb in the metro area.

WELLS FARGO DRIVE THRU GROUND LEASE

Burnsville | Minnesota

Highlights
Drone Video: https://www.youtube.com/watch?v=PUNz7pTvs0Y

• Wells Fargo has 5,500+ locations in 33 states, S&P rating of BBB+ & year end 2023 revenues of $73.8B
• Bank Deposits as of June 30, 2023 are $246 million at this location.
• This property is located on an out parcel to the Burnsville Center, a 1.1 million square-foot mall.
• This property has excellent visibility from County Road 42 West which averages over 49,000 VPD.
• Strong demographics with an average household income of $128,626 and population of 170,781.
• Burnsville is 15 miles south of downtown Minneapolis and the ninth largest suburb in the metro area.

Investment Details

Price: $2,421,000
Location: Burnsville, MN
Cap Rate: 4.75%
Lease Type: Ground Lease
NOI: $115,000
Lease Expiration: February 2027
Demographic Information (5-Mile Radius)
2023 Population: 170,781
2028 Population: 172,092
2023 Average Household Income: $128,626
2023 Median Household Income: $99,585
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489