MINNEAPOLIS November 13, 2025 – Mid-America Real Estate – Minnesota, LLC’s Investment Team is pleased to announce the successful sale of Dean Lakes Retail, a 7,644-square-foot, four-tenant retail center located at 4041-4057 Deal Lakes Boulevard in Shakopee, MN.

Dean Lakes Retail is 100% occupied and features a dynamic tenant lineup including Qdoba, Jersey Mike’s, LeeAnn Chin, and Shakopee Liquors. The property benefits from a stable rent roll with a weighted average lease term of five years and replaceable rents, making it a strong long-term investment opportunity.

Situated in a high-growth submarket, the property is surrounded by some of the Twin Cities’ premier entertainment destinations – Mystic Lake Casino, Canterbury Park and Mystic Lake Amphitheater (opening 2026). The area also boasts strong demographics, with an average household income of $133,000 within a three-mile radius.

“Dean Lakes Retail represents the strength and stability of well-located, service-oriented retail in high-growth suburban Markets,” said Amy Senn, Principal | Brokerage | Investment Sales, at Mid-America Real Estate – Minnesota. “We continue to see strong investor interest in multi-tenant retail assets featuring national QSR tenants and solid fundamentals.”

The transaction was brokered by Amy Senn and Bryce Thompson of Mid-America Real Estate – Minnesota, LLC, along with Joe Girardi and Eric Geskermann of Mid-America Real Estate Corporation, who represented the seller in the transaction. The property was acquired by a local private investor.

About Mid-America Real Estate

Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The total consideration value of leasing and investment sales transactions facilitated in 2024 was $2.28 billion. Mid-America leases and manages more than 50 million square feet of retail space and represents over 270 retailers and other tenants. For more information, visit www.midamericagrp.com.

Media Contact for More Information:

Suzanne K. Jones | [email protected]