1605 1st St S - Storefront FOR SALE


Willmar, MN 56201
$724,000 USD
415-274-2715
1605 1st St S, Willmar, MN for Sale
$724,000 USD
Storefront - FOR SALE
1/3
null | 8% Cap Rate

1605 1st St S
Willmar, MN 56201


HIGHLIGHTS

  • A four-tenant retail strip center featuring longstanding tenancies and reputable national and regional tenants
  • Subject property serves as a primary outparcel to Uptown Willmar Mall – the main retail shopping center in the direct trade area
  • Multiple recent lease extensions demonstrate dedication to the location
  • No tenants possess any remaining extension options and existing vacancies allow for a lease-up/re-development opportunity in the future
  • Replaceable rents – $7.66/SF average (unweighted)
  • Extremely low price per square foot – $25.11

OVERVIEW

A four-tenant retail strip center featuring longstanding tenancies, including two tenants that recently renewed their leases showing dedication to the site. Excellent intrinsics – replaceable rents ($7.66/SF) and extremely low price per square foot ($25.11/SF). No tenants possess any remaining extension options and existing vacancies allow for a lease-up/re-development opportunity in the future.

FOR SALE DETAILS

PRICE

$724,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anytime Fitness Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

SC - Shopping Center

APN/PARCEL ID

95-699-2040

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
415-274-2715

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John AndreiniCP Partners CREMore Info
415-274-2715

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