North Branch, MN · Hwy 95 & I-35

20,500 SF Industrial & Flex Space For Lease

A fully renovated, move-in-ready building at North Branch's busiest interchange — the corridor every traveler takes between the Twin Cities and Duluth. Lease the whole building or a single suite.

Renovation complete $7–$12 / SF NNN Whole or up to 3 suites
Building exterior / aerial
38450 Tanger Dr
20,500 SF
Total Building
$7–$12/SF
NNN Lease Rate
Hwy 95 & I-35
High-Traffic Interchange
1 or 3
Whole or Divisible
Interior — open floor
The Space

A blank canvas, professionally renovated

Roughly 20,500 square feet of flexible space under one roof — an open main floor plus a mezzanine — ready for your build-out at a marquee interstate location.

  • Total size20,500 SF
  • Main floor17,736 SF
  • Mezzanine2,764 SF
  • ConfigurationWhole or up to 3 suites
  • Lease rate$7–$12 / SF NNN
  • ConditionRenovation complete
  • ParkingAmple, paved on-site
  • LocationHwy 95 & I-35
Built For

One building, a wide range of uses

An open floor plate, generous parking, and interstate visibility make this one of the most flexible buildings on the I-35 corridor.

Recreation & Entertainment

Indoor golf, pickleball, family fun centers, and destination attractions that draw from across the region.

Fitness & Wellness

Big-box gyms, boutique studios, and training facilities with the open span and parking they need.

Medical & Clinical

Urgent care, dental, therapy, and multi-tenant medical for an underserved, growing market.

Retail & Showroom

Furniture, appliances, powersports, and dealerships that benefit from full interstate exposure.

Industrial Flex

Showroom or office up front, clear-span warehouse behind — ideal for contractors and distributors.

Community & Service

Worship, event space, childcare, and self-storage that serve a fast-growing North Branch.

Why This Building

Move-in ready, marquee location, professionally managed

  • Renovation already complete

    No multi-year build timeline — sign and start building out for your use.

  • Interstate visibility

    Frontage at the Hwy 95 / I-35 interchange means constant, built-in exposure.

  • Flexible terms

    Whole building or up to three suites, with build-to-suit and tenant-improvement options.

  • Professional ownership & management

    Owned and managed by Meridian Real Estate Holdings Group.

The Value
$7–$12per SF, NNN — move-in ready
— vs. —
~$5.1Mto build the same 20,500 SF new

Lease a finished building for a fraction of what it costs to build from the ground up.

Prime I-35 Location

Where the Twin Cities meets the North

38450 Tanger sits at the Highway 95 & Interstate 35 interchange in North Branch — one of Minnesota's busiest interstate corridors and the route travelers take between the metro and Duluth. The interchange is anchored by the Tanger Outlets and a cluster of national retailers that already pull shoppers off the highway every day.

~45 min
to St. Paul
~50 min
to Minneapolis
~1.5 hr
to Duluth
Questions

What tenants ask

How big is the building?

38450 Tanger Drive is approximately 20,500 square feet — 17,736 SF on the main floor plus a 2,764 SF mezzanine — under one roof.

Can the space be divided?

Yes. The building leases best as a single tenant taking the whole 20,500 SF, but it can be demised into as many as three suites. We can also build to suit.

What is the lease rate?

Asking $12 per square foot on a triple-net (NNN) basis, with flexibility down to $7/SF for the right tenant and term. Final rate, term, and tenant-improvement allowance are negotiated per deal.

What kinds of businesses fit here?

The open floor plate suits a wide range of uses — recreation and entertainment, fitness, medical, retail showroom, self-storage, childcare, worship, and industrial flex/warehouse, among others.

Where exactly is it?

At the Highway 95 and Interstate 35 interchange in North Branch, Minnesota (Chisago County) — the corridor travelers take between the Twin Cities and Duluth, anchored by the Tanger Outlets retail cluster.

Is the building ready now?

Yes. The renovation is complete and the building is available now, with ample paved on-site parking.

Who owns and manages it?

38450 Tanger Drive is owned and professionally managed by Meridian Real Estate Holdings Group.

Leasing

Let's find your space

Whole building or a single suite — tell us what you're building and we'll set up a walk-through.

Email Leasing (651) 350-1990