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4701 E Superior StDuluth, MN 55804
Sinclair
Asset ClassRetail
Deal Size$1.9 M
Cap Rate: 8%Square Feet: 1,740Lease-Term Remaining: 20 YearsAccess Data Room
LONG-TERM 20-YEAR ABSOLUTE NNN LEASE
overview of deal

Overview

Price: $1,900,000 | Cap Rate: 8.00% | NOI: $152,000

  • Tenant: Sinclair
  • Lease Term Remaining: 20 Years at Closing
  • Lease Type: Absolute NNN
  • Rent Increases: 10% every 5 years
  • SQFT: 1,740
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Investment Highlights

LESS THAN 3 MILES FROM UNIVERSITY OF MINNESOTA DULUTH

Located just 2.9 miles from the University of Minnesota Duluth, the property benefits from close proximity to a campus community of over 10,000 students, faculty, and staff. This strategic placement supports consistent weekday and weekend demand from a high-frequency, convenience-oriented demographic, generating steady foot traffic and fueling recurring visits for fuel, food, and daily essentials.

 

STRATEGICALLY POSITIONED CORNER LOCATION ALONG EAST SUPERIOR STREET

The property fronts East Superior Street, a major east-west arterial linking downtown Duluth to residential neighborhoods and Lake Superior’s shoreline communities. Its corner visibility and ease of ingress/egress make it a key daily-use destination for fuel, food, and convenience.

 

IMMEDIATE PROXIMITY TO LAKE SUPERIOR – MINUTES FROM SHORELINE ACCESS

The property is located just minutes from the Lake Superior shoreline, offering exceptional visibility and convenience to one of the region’s most visited natural landmarks. Positioned near local parks, marinas, and waterfront attractions, the site

benefits from steady traffic driven by year-round tourism, recreation, and scenic commuting routes. Its close proximity to the lake enhances daily footfall while positioning the asset within one of Duluth’s most active lifestyle and retail corridors.

 

AFFLUENT CONSUMER BASE – $116K+ AVERAGE HOUSEHOLD INCOME (1-MILE RADIUS)

The immediate trade area surrounding the property features an exceptionally strong income demographic, with an average household income of $116,000+ within one mile. This high-income density supports consistent consumer spending on convenience retail, fuel, and daily essentials—providing a robust foundation for long-term tenant

performance. Strong purchasing power enhances both frequency of visits and transaction value, reinforcing the site’s resilience across market cycles.

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4701 E Superior StDuluth, MN 55804

Sales Team

Drew IsaacSenior Managing Director303-328-2040drew.isaac@marcusmillichap.com
Todd LindblomMN Broker of Record

License #: 56163-90

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Listing provided by Revere CRE