1227 Timberlane Dr - Storefront Retail/Office FOR SALE


Sauk Centre, MN 56378
$1,325,000 USD
714-400-6267
1227 Timberlane Dr, Sauk Centre, MN for Sale
$1,325,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

1227 Timberlane Dr
Sauk Centre, MN 56378


HIGHLIGHTS

  • Retail Box Reposition Opportunity - Regional Draw - Attractively Low Price Per Square Foot – Front Parking Lot Milled & Overlayed
  • Vacant 26,000+ SF Junior Anchor Box in Great Condition – Positioned for Lease-Up – Seller Financing Available (Low Interest Rate) – Rare Opportunity
  • Walmart Supercenter Shadow-Anchored – Interstate-94 On-Ramp Location (24,114 Cars Per Day)
  • Significant Current Income from Short-Term, Flexible-Leased Tenants Offsets Ownership/Redevelopment Costs
  • Seller Carryback Available – Regional Retail Center – Next to Dollar Tree
  • Tenants include Fastenal (Nasdaq: FAST): $35.82 Billion Market Cap, 3,334 Locations

OVERVIEW

*Seller Financing Available* We are pleased to present to qualified investors an opportunity to purchase an ideally located junior anchor box redevelopment value-add opportunity that is positioned adjacent to a regional Walmart Supercenter in Sauk Centre (St. Cloud), Minnesota. This is a regional retail destination and rare investment opportunity directly off the Interstate-94/Main St (US Hwy 71) interchange with a combined 33,373 cars per day right next to national brands that signal this location as a best-in-market site for retail. These neighboring tenants include Dollar Tree, McDonald’s, Taco Bell, Caribou Coffee, Dairy Queen, O’Reilly Auto Parts, Ace Hardware, Coborn’s Grocery, AmericInn by Wyndham, and Holiday Stationstores (Circle K). This 33,272 SF property features a 26,000+ square foot vacant box ready for re-leasing, a new front parking lot just milled and overlayed, as well as three paying tenants on short-term leases that provide an investor with the flexibility to redevelop the entire building as well as sizable current income that offset ownership costs while the property is being repositioned. These tenants include Central Minnesota LifeCare Center, Inc. dba Options for Women, Feldt Financial Services, and Fastenal – a publicly-traded company (Nasdaq: FAST) and a component of the Nasdaq-100 and S&P 500. Additionally, this offering includes a rare seller financing option at an attractively low interest rate (inquire for further details). Sauk Centre is part of the St. Cloud MSA – the largest population center in the state’s central region and located on I-94 connecting Fargo, ND with the Twin Cities of Minneapolis-Saint Paul. This is a unique opportunity to buy a strategically located retail, value-add investment with huge potential for repositioning via lease-up or redevelopment at an attractively low price per square foot.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Shadow Anchored Retail Value-Add Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Supermarket, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.95 AC

LAND SF

128,502 SF

ZONING

C-2

APN/PARCEL ID

94.58460.0012,94.58460.0014,94.58460.0016,94.58460.0018

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.