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Shopping Community

Skylark Center

1604 1st St S, Willmar, MN 56201

Listing Price: $5,000,000

Cap Rate
10.29%
Gross SF
60,150
Rentable SF
60,150
Price/Gross SF
$83.13
Lot Size
6.64 acres
Year Built
1965

Investment Overview

Marcus & Millichap is proud to represent the marketing efforts of the Skylark Center based in Willmar, MN. This 19 suite mutli-tenant complex, anchored by Carris Health, is at 73% total occupancy with a mixture of regional and local retail and office tenants. Carris Health takes up 49% of the total square footage, as well as 65% of the occupied space. All tenants have been paying full rent on schedule.

The subject property is located in Willmar, which is the county seat of Kandiyohi County. This complex is situated between First Street and Highway 71 and directly across the street from Kandi Mall, which consists of a variety of national tenants. Willmar is also the home to a community and technical college called Ridgewater College, which enrolls 5,500 students currently.

This asset boasts an ideal location in the heart of Willmars Highway 71/1st Street South business corridor. Skylark is a unique value add opportunity, with strong occupancy in a tertiary market between Saint Cloud and the Twin Cities.

Investment Highlights

  • Anchored by Carris Health (56 locations across Western MN)
  • 63,467 Sq. Ft. and 6 plus Acre Plot
  • Tenants are paying full rent
  • Reimbursements for CAM, Real Estate Taxes, Insurance, etc.
  • Directly across from Kandi Mall
  • 15,000 Plus VPD

Exclusively Listed By

Shopping Community

Skylark Center

Listing Price: $5,000,000

Cap Rate
10.29%
Gross SF
60,150
Rentable SF
60,150
Price/Gross SF
$83.13
Lot Size
6.64 acres
Year Built
1965

Investment Highlights

  • Anchored by Carris Health (56 locations across Western MN)
  • 63,467 Sq. Ft. and 6 plus Acre Plot
  • Tenants are paying full rent
  • Reimbursements for CAM, Real Estate Taxes, Insurance, etc.
  • Directly across from Kandi Mall
  • 15,000 Plus VPD

Investment Overview

Marcus & Millichap is proud to represent the marketing efforts of the Skylark Center based in Willmar, MN. This 19 suite mutli-tenant complex, anchored by Carris Health, is at 73% total occupancy with a mixture of regional and local retail and office tenants. Carris Health takes up 49% of the total square footage, as well as 65% of the occupied space. All tenants have been paying full rent on schedule.

The subject property is located in Willmar, which is the county seat of Kandiyohi County. This complex is situated between First Street and Highway 71 and directly across the street from Kandi Mall, which consists of a variety of national tenants. Willmar is also the home to a community and technical college called Ridgewater College, which enrolls 5,500 students currently.

This asset boasts an ideal location in the heart of Willmars Highway 71/1st Street South business corridor. Skylark is a unique value add opportunity, with strong occupancy in a tertiary market between Saint Cloud and the Twin Cities.

Exclusively Listed By

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