895 Madison Ave - Freestanding FOR SALE


Mankato, MN 56001- Erlandson Park
$2,916,000 USD
952-210-0484
895 Madison Ave, Mankato, MN for Sale
$2,916,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

895 Madison Ave
Mankato, MN 56001
Erlandson Park


HIGHLIGHTS

  • The property is a newly constructed (2024) Starbucks with Drive-Thru. The fresh 10 year lease has rent increases every five years.
  • The property is located on a signalized intersection of Madison Avenue the premiere retail corridor in Mankato, MN.
  • The site is adjacent to a newly opened $155 million hospital expansion from Mayo Clinic Health System.
  • The Madison Avenue retail corridor features numerous national retailers including CVS, Aldi, Walmart, Cub Foods, Sams Club, T.J. Maxx and many more.
  • College Town – Mankato is home to Minnesota State University which has enrollment of over 14,000 students.
  • Starbucks has an S&P Investment Grade Credit rating of “BBB+” and is ranked #116 on the Fortune 500 List with an Annual Revenue over $36 Billion.

OVERVIEW

CBRE is pleased to offer the opportunity to acquire the fee simple interest in this newly constructed single tenant Starbuck’s asset located in Mankato, MN. The property is 100% leased to Starbuck’s Corporation (S&P BBB+) on a brand new 10-year lease with rent increases every five years including the four 5-year option periods. The property is well positioned on a signalized corner of Madison Avenue which is the dominant retail corridor in the Mankato, MN submarket. The site is adjacent to the Mayo Clinic hospital that just went through a $155 Million dollar hospital expansion. Starbucks is the world’s largest specialty coffee retailer with over 38,000 stores in 80 countries.

FOR SALE DETAILS

PRICE

$2,916,000 USD

PRICE/SF

$1,444 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Mankato

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,190 SF

ZONING

-

APN/PARCEL ID

R01-09-17-126-005

ASK ABOUT THIS PROPERTY

AJ PrinsCBREMore Info
952-210-0484

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AJ PrinsCBREMore Info
952-210-0484

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