Population
429,000
Growth (5Y)
+3.8%
Median Income
$82,000
Metro GDP
$295B
Market Overview
Minneapolis-St. Paul is one of the Midwest's most underrated NNN investment markets, boasting an extraordinary concentration of Fortune 500 headquarters — 19 in total — that creates one of the nation's most stable, high-income employment bases. Target (national headquarters), Best Buy, General Mills, and 3M anchor a diverse economy that consistently outperforms during economic downturns. NNN investors benefit from strong tenant credit quality and steady NOI from one of the highest-income metro areas in the Midwest.
Key Highlights
19 Fortune 500 company headquarters — more per capita than nearly any other US metro
Target's national HQ in Minneapolis provides direct access to premium retail leases
United Health Group (world's largest health insurer) anchors a dominant healthcare sector
Highly educated workforce with one of the highest median incomes in the Midwest
Why Invest in Minneapolis
- 119 Fortune 500 HQs create one of the most stable, high-income employment bases in the nation
- 2Target and Best Buy headquarters drive strong retail brand presence and sales volume
- 3Healthcare sector anchor (UnitedHealth) provides true recession-proof employment stability
- 4Highly educated workforce with median income of $82K drives strong retail performance
Recent NNN Activity
"Twin Cities NNN market posted $320M in transactions in 2024. The Shakopee, Eden Prairie, and Plymouth corridors were most active for new NNN development. Target-adjacent retail developments commanded premium pricing from institutional buyers."
NNN Snapshot
Cap Rate Range
5.5% - 7%
Price Range
$1.6M - $4.8M
Avg Lease Term
13 Years
Unemployment Rate
3.2%
Active NNN Tenants
McDonald'sWalgreensDollar TreeAutoZoneStarbucksSpeedwayCVS
Major Employers
TargetBest BuyUS BancorpGeneral Mills3MUnited Health GroupCargill
Find NNN Properties in Minneapolis
Our advisors have exclusive, off-market NNN inventory in the Minneapolis market right now. Contact us to see what's available before it hits the public market.