859 Edelweiss Village Pky - Freestanding FOR SALE


Gaylord, MI 49735
$9,308,000 USD
480-221-4221
859 Edelweiss Village Pky, Gaylord, MI for Sale
$9,308,000 USD
Freestanding - FOR SALE
1/8
null | 7.75% Cap Rate

859 Edelweiss Village Pky
Gaylord, MI 49735


HIGHLIGHTS

  • Strong Tenant Line-up | Dollar Tree Anchor | 83% Occupied |Value-Add Opportunity
  • Freestanding Single-Tenant AT&T On Own Parcel
  • Lowe’s and Walmart Shadow-Anchors | Dense Retail Corridor |Quick Access to Interstate-75 (14,600 VPD)

OVERVIEW

SRS Multi-Tenant Investments is pleased to present an exceptional opportunity to acquire the fee simple interest (land and building ownership) in Shops of Edelweiss, a distinguished retail center located in Gaylord, Minnesota. This 78% leased property is shadow-anchored by retail giants Walmart and Lowe’s, ensuring a consistent flow of traffic and visibility. The center’s primary anchor, Dollar Tree, has been a long-standing tenant for 20 years and has recently committed to extending its lease through 2034. Similarly, junior anchor Pet Supplies Plus has shown its dedication to the location by exercising a 5-year lease extension. Notably, over 42% of the Gross Leasable Area (GLA) is occupied by tenants with a tenure exceeding a decade, underscoring their strong performance and loyalty to the site. The Shops of Edelweiss hosts a diverse and resilient tenant mix that includes a variety of retailers, dining establishments, and service-oriented businesses. This well-rounded lineup is notably resistant to e-commerce disruption, further enhancing the property’s stability. With 83% occupancy, the center presents significant upside potential for a new owner to capitalize on by leasing the remaining vacancies and unlocking the full value of the asset. Strategically situated between Lowe’s and Walmart, the property enjoys a prime position within the city’s primary retail corridor, drawing the majority of local consumer traffic.

FOR SALE DETAILS

PRICE

$9,308,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Multi-Tenant | Lowe's & WMT Anchor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

485

LAND DETAILS

LAND ACRES

12.95 AC

LAND SF

564,102 SF

ZONING

PUD & C2

APN/PARCEL ID

102-120-000-002-03

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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