4500 Excelsior Blvd · St. Louis Park, MN 55416 · Specialty Retail
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ESTABLISHED TENANT WITH SECURE INCOME STREAM
PROXIMITY TO MAJOR RETAILERS AND RESIDENTIAL BASE
PRIME LOCATION WITH TRAFFIC FLOW AND ACCESSIBILITY
EXCEPTIONAL DEMOGRAPHICS IN HIGH-GROWTH SUBMARKET
Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Trader Joe's located at 4500 and 4590 Excelsior Blvd in St. Louis Park, Minnesota. The 13,740 SF building will be leased through January 2032 with four additional 5-year renewal options extending potential occupancy through 2052.
Trader Joe's is one of fewer than 640 locations in America and has been continuously operated at this site since January 2005, demonstrating over 20 years of uninterrupted occupancy and strong operational performance. The property sits on a hard corner at the signalized intersection of Excelsior Blvd & Monterey Dr, with 20,250 VPD on Excelsior, and benefits from proximity to Highway 100, which carries 116,000 VPD. The site is strategically positioned within one of the Twin Cities' most retailer-dense corridors, with immediate neighbors including Target, LA Fitness, CVS, Chase Bank, Chipotle, and Starbucks.
In the surrounding area, the property is directly beneath the Excelsior & Grand Condominiums and surrounded by multiple multifamily complexes, creating a captive, walkable customer base. Within a 3-mile radius, average household income exceeds $150,000, nearly 30% higher than the national average, and 66% of adults in SLP hold a bachelor's or graduate degree. St. Louis Park has experienced nearly 10% population growth since 2010.
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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.