Retail Space
3905 West 69th Street Edina, MN 55435
Details & Description
Price: $3,600,000
    KW Commercial is pleased to exclusively market for sale a single tenant NNN leased BMO Harris Bank property located within the Minneapolis MSA in Edina, Minnesota. There are 7 years remaining on the lease which has eight 5-year renewal options. Additionally, there is a 1.5% rent escalation each year. BMO Harris Bank has a one-time right to terminate the lease, to be effective upon the first day of the eighty-fifth (85th) full calendar month following the Commencement Date (December 15, 2015) provided BMO Harris Bank gives written notice no sooner than eighteen (18) months and not later than twelve (12) months prior to the Early Termination Date.The 8,132 square foot BMO Harris Bank property is located just off of France Avenue (30,000 vpd) which is a primary north-south thoroughfare through the Edina retail area. The Bank is situated in a thriving retail corridor with the Edina Galleria, Southdale Center, Target, Crate & Barrel, a new Restoration Hardware, Apple, Tiffany & Company and Whole Foods. There are over 104,000 people living within three miles of the property with an average household income of of $100,475.BMO Harris Bank is the 8th largest bank in North America by assets and has more than 12 million customers globally. Founded in 1882, there are over 570 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin. BMO Harris Bank has over $774 billion in total assets and has built a solid foundation for growth. There are three operating groups within the BMO Harris Bank system: Personal and Commercial Banking, BMO Wealth Managment, and BMO Capital Markets. For fiscal year 2018, adjusted net income was up 9%, total net revenue rose by 5%, and adjusted earnings per share grew by 10%. The Edina Southdale branch, with $96 million in deposits, is a full service branch offering banking and investment services to both personal and commercial customers.
    Property Highlights
     The site is prominently situated in an upscale Edina retail area across from the Edina Galleria and Southdale Center
     BMO Harris Bank is the 8th largest bank in North America by assets
    Additional Photos
    Listing Agents
    Thomas Commerford
    KW Commercial
    O: 651-332-7810
    M: 612-709-9742
    tcommerford@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    3905 West 69th Street

    Edina, MN 55435

    Listing ID: 267448
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    Building Size: 8,132 SF
    Lot Size: 1.130 AC
    Land Size: 49,222 SF
    Building $/SF: $442.70
    Land $/SF: $73.14
    Price
    $3,600,000
    Property Highlights
    BMO Harris Bank is the 8th largest bank in North America by assets
    BMO Harris Bank has over 570 branches across 8 states
    Customers ranked BMO the second 2 most reputable among U.S. banks
    The site is prominently situated in an upscale Edina retail area across from the Edina Galleria and Southdale Center
    BMO Harris Bank has $774 billion in total assets
    The company is rated A by S P , AA by DBRS, and A1 by Moodys
    Edina Southdale location has approximately $96 million in deposits
    Description

    KW Commercial is pleased to exclusively market for sale a single tenant NNN leased BMO Harris Bank property located within the Minneapolis MSA in Edina, Minnesota. There are 7 years remaining on the lease which has eight 5-year renewal options. Additionally, there is a 1.5% rent escalation each year. BMO Harris Bank has a one-time right to terminate the lease, to be effective upon the first day of the eighty-fifth (85th) full calendar month following the Commencement Date (December 15, 2015) provided BMO Harris Bank gives written notice no sooner than eighteen (18) months and not later than twelve (12) months prior to the Early Termination Date.

    The 8,132 square foot BMO Harris Bank property is located just off of France Avenue (30,000 vpd) which is a primary north-south thoroughfare through the Edina retail area. The Bank is situated in a thriving retail corridor with the Edina Galleria, Southdale Center, Target, Crate & Barrel, a new Restoration Hardware, Apple, Tiffany & Company and Whole Foods. There are over 104,000 people living within three miles of the property with an average household income of of $100,475.

    BMO Harris Bank is the 8th largest bank in North America by assets and has more than 12 million customers globally. Founded in 1882, there are over 570 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin. BMO Harris Bank has over $774 billion in total assets and has built a solid foundation for growth. There are three operating groups within the BMO Harris Bank system: Personal and Commercial Banking, BMO Wealth Managment, and BMO Capital Markets. For fiscal year 2018, adjusted net income was up 9%, total net revenue rose by 5%, and adjusted earnings per share grew by 10%. The Edina Southdale branch, with $96 million in deposits, is a full service branch offering banking and investment services to both personal and commercial customers.

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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Minneapolis History of Retail Space for Sale

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    Edina Area Market Trends

    Listing Demographics for 3905 West 69th Street Edina, MN 55435

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population15,569109,971295,478
    Population Median Age454139
    Population by Age0-9 Yrs1449 (9%)13059 (11%)35839 (12%)
    10-19 Yrs1330 (8%)12512 (11%)30847 (10%)
    20-29 Yrs1872 (12%)12519 (11%)41520 (14%)
    30-39 Yrs2106 (13%)16203 (14%)47222 (15%)
    40-49 Yrs2003 (12%)14360 (13%)37614 (12%)
    50-59 Yrs1798 (11%)14232 (12%)37367 (12%)
    60-69 Yrs1883 (12%)12717 (11%)32282 (10%)
    70+ Yrs3127 (20%)14370 (13%)32787 (11%)
    Median HH Income$74,796$91,168$83,308
    Total Household Income< 24K1335 (17%)5660 (12%)15126 (11%)
    25-49K1259 (16%)7439 (15%)21884 (17%)
    50-74K1246 (16%)6817 (14%)20788 (16%)
    75-99K859 (11%)5625 (11%)16769 (13%)
    100-199K2064 (26%)13268 (28%)34736 (27%)
    200K+902 (11%)8300 (17%)17439 (13%)
    Highest Education LevelNo Diploma380330411841
    Diploma or GED1728988629946
    Some College20701215535916
    Assoc. Degree976595216348
    Bachelors Degree41342884573771
    Higher Degree28821979046514
    Total Housing Units8,22349,576132,532
    --Owner-Occupied3,85532,36979,597
    --Renter-Occupied3,81114,73947,144
    Owner-Occupied Values< 100K40613443244
    100-199K766382612692
    200-299K761900924423
    300-399K534615215389
    400-499K55240288702
    500K+836801115148
    Total Working Age Population13,24788,623239,554
    In Work Force8,37061,753174,407
    Not In Work Force4,87726,87165,148
    Workforce Employed8,05859,777168,668
    Workforce Unemployed3121,9435,683
    Civlian Workforce8,37061,720174,352
    Military Workforce03355
    Total Households7,66547,108126,742
    Family Households3,69928,27171,649
    Non-Family Households3,96718,83755,093
    Married Couple2,99023,49857,300
    Other Family7094,77314,349
    Married w/Child1,25610,36124,266
    Single Male w/Child825382,148
    Single Female w/Child1311,7155,047

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Minnesota4,919,479+85,303,925+75,687,161+55,974,304
    Dakota County355,904+12398,552+9434,203+7463,564
    Hennepin County1,116,200+31,152,425+121,294,371+91,407,332
    Scott County89,498+45129,928+18152,927+13172,140

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 3905 West 69th Street in Edina?
    The asking price for 3905 West 69th Street is $3,600,000
    What is the building size of this Retail property in Edina, MN?
    The size of the building/unit at 3905 West 69th Street in Edina is 8,132 square feet
    How much land does the Edina, MN property at 3905 West 69th Street include?
    3905 West 69th Street in Edina includes 1.130 acres of land
    What kind of Retail is the propery at 3905 West 69th Street?
    The property at 3905 West 69th Street Edina, MN 55435 is listed as a Banking Retail property
    What is the population within 1 mile of 3905 West 69th Street in Edina?
    The population within 1 mile of 3905 West 69th Street Edina, MN 55435 is 15,569 people.
    Who do I contact for questions about 3905 West 69th Street?
    You should contact the listing agent, Thomas Commerford, for any details regarding this commercial listing.

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