Sublease of Second Generation Restaurant Space Near Xcel Energy Center
Property Details
| Sale Price: |
Property Description
SVN | Northco is pleased to offer for sublease 241 West 7th Street in Saint Paul, Minnesota ("Property"). This is a second generation restaurant space with a brand new building and brand new kitchen equipment that is located in one of the most sought after commercial districts in the Twin Cities, the West 7th Street Corridor. The Xcel Energy Center, the metro's premiere concert and event venue, is located only one block away. The foot and vehicle traffic on West 7th Street are some of the highest of any commercial corridor in Minneapolis-Saint Paul.
We are currently seeking a restaurant user for the space.
West 7th Street is the premier retail street in St. Paul and is located just outside of the Saint Paul CBD. West 7th Street is located just outside of the Summit Hill District, which is a high density neighborhood with one of the highest household incomes in the country.
Highlights
- The space is approximately 1,375 SF
- Sublease through January 2032
- We are seeking a restaurant user
- Located one block from the Xcel Energy Center, home to the Minnesota Wild and the premiere concert and entertainment venue in the Twin Cities
- West 7th Street is one of the highest-traffic commercial corridors in the Twin Cities metropolitan area with high foot and vehicle traffic year-round (approximately 14,500 VPD on West 7th Street and 4,950 VPD on Chestnut Street)
- The two vacancies are adjacent to Patrick McGovern's restaurant, which is a landmark eatery that is located in an 1880's building, and Downtowner Woodfire Grill, a popular fine-dining restaurant
- Nestled in the middle of numerous bars and restaurants, including Cossetta's, Burger Moe's, Parlour, and more
- Substantial apartment development has occurred within several blocks of the Property. The total number of units newly built exceeds 700 within several blocks.
- Signage is available
- Easy access to I-94 and I-35E
- Located in a T2 - Traditional Neighborhood Zoning District
Map
Location Description
This property is ideally located in one of the most popular entertainment districts in the Twin Cities on one of its most popular streets, West 7th Street. West 7th Street is one of the busiest commercial corridors in the Twin Cities Metropolitan Area.
The co-tenant in the building is Insomnia Cookies, and the retail building is adjacent to Patrick McGovern's, which is one of the city's most popular restaurants. Cossetta's, another Saint Paul landmark, is located directly across the street, and Xcel Energy Center, home to the Minnesota Wild, is located only one block away. The foot traffic on West 7th Street is unsurpassed.
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