1709 1st St S - Storefront Retail/Office FOR SALE


Willmar, MN 56201
$2,950,000 USD
715-514-0201
1709 1st St S, Willmar, MN for Sale
$2,950,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 7.19% Cap Rate

1709 1st St S
Willmar, MN 56201


HIGHLIGHTS

  • 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.

OVERVIEW

This is a rare opportunity to invest in a fully occupied, newly constructed retail property with strong tenants and a prime location. Corporate Guaranties from Top Tier Tenants 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. New Construction Building The property is newly constructed, giving a new owner a low maintenance structure with high quality build-outs and a drive-thru. Strong Local Trade Area The Property sits with frontage to the primary commercial corridor for Willmar, on an outparcel to Uptown Willmar, a 450,000 square foot shopping center anchored by Kohl’s and Harbor Freight. Other major traffic drivers on the street include Target, Cash Wise Foods, 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. Investment Highlights 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.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

7.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

95-923-8640

ASK ABOUT THIS PROPERTY

Scott KnepperTrillium Commercial RealtyMore Info
715-514-0201

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Scott KnepperTrillium Commercial RealtyMore Info
715-514-0201

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