🔴 Off ~ Market | Strip Center | $3.2M| 7.2% Cap | NNN | Minnesota

An exclusive opportunity has arisen to acquire a retail strip center in Minnesota that is currently off the market. This property boasts full occupancy, featuring reputable tenants, including Sherwin-Williams and a drive-thru Starbucks and T- Mobile, which enhances its appeal and potential for steady income. Strategically situated in the vibrant center of Willmar, Minnesota, this location benefits from high visibility and accessibility, making it an attractive investment for those looking to enter the retail sector.

The retail strip center represents a unique investment prospect, given its complete occupancy and the presence of well-known brands that draw consistent foot traffic. The inclusion of a drive-thru Starbucks not only caters to the growing demand for convenience but also complements the established presence of Sherwin-Williams, creating a synergistic environment for shoppers. With its prime location in Willmar, this property is poised to deliver long-term value and stability, making it a compelling addition to any real estate portfolio.

Property Summary

Address: 1709 1st Street S - Willmar, MN

Property Type: Retail

Subtype: Shopping Center

Investment Type: Net Lease

Class: A

Lease Type: NNN

Tenancy: Multi-tenant

Number of Tenants: 3

Square Footage: 6,500

Net Rentable (sq ft): 6,500

Occupancy: 100%

Units: 3

Buildings: 1

Stories: 1

Zoning: Commercial

Lot Size (acres): 1.0

Year Renovated: 2023

Asking Price: $3.2M or your best offer

NOI: $229,000

NNN LEASES

Highlights:

This prime location offers low-maintenance, high-quality build-outs and a convenient drive-thru. Situated on the bustling 1st Street, the property enjoys the highest traffic counts in Willmar, connecting key highways and surrounded by major retailers like Kohl’s, Target, and Home Depot. Don’t miss this chance to invest in a thriving commercial corridor with top-tier tenants and a vibrant local trade area!

Strong Local Trade Area

The Property sits with frontage to the primary commercial corridor for Willmar, on an out parcel to Uptown Willmar, a 450,000 square foot shopping center anchored by Kohls and Harbor Freight. Other major traffic drivers on the street include Target, Cash WiseFoods, Home Depot, and Willmar Middle School.

High Traffic Corridor

Sitting on 1st Street, the Property benefits from frontage to the highest traffic counts in Willmar. 1st Street connects Highways 12 and 71/23, both primary corridors through central Minnesota.

Corporate Guaranties from Top Tier Tenants

Starbucks has invested over $100,000 in upgrading the drive-thru in 2024. The 1200 SF in the middle has been built out by the owner $110,000. Starbucks is the leading coffee provider in the nation, carrying an investment grade credit rating of “BBB” with S&P. Aspen Dental is a leading dental service provider with over 900 locations across the country.

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