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Shopping Strip

Walmart Shadow Center

803 18th Ave NW, Austin, MN 55912

Listing Price: $1,885,350

Cap Rate
8.00%
Gross SF
11,478
Rentable SF
11,478
Price/Gross SF
$164.26
Lot Size
1.22 acres
Year Built
2012

Investment Overview

Marcus & Millichap is please to offer this 100% leased four-tenant strip center for sale. Subject property is shadow anchored by a Walmart Supercenter and adjacent to many other national retailers such as HyVee, Marshalls, and Five Below. In addition, the property located in a major retail corridor featuring tenants such as Aldi, Hobby Lobby, Joan Fabric, Dollar Tree, Sherwin Williams, Auto Zone, O'Reilly Automotive, Caribou Coffee, Culver's, Arby's and Applebee's. Located on a signalized hard corner, the subject property is ideally positioned with easy access and great frontage to the main thoroughfare in a well-established retail corridor. In additional the property has a strong mix of local and regional e-commerce resistant tenants. Two of the four tenants have occupied the building since 2013 and have been through lease renewals while agreeing to rent bumps with their lease extensions. All of the leases are NNN providing the new owner with the ability to hire a management company and enjoy the passive income.

Investment Highlights

  • Walmart Shadow Anchored
  • Nice Mix of E-Commerce Resistant Tenants
  • 100% Leased
  • All Tenants on NNN Leases
  • Hard, Signalized Corner
  • Well Established Retail Corridor

Exclusively Listed By

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $1,885,350

Cap Rate
8.00%
Gross SF
11,478
Rentable SF
11,478
Price/Gross SF
$164.26
Lot Size
1.22 acres
Year Built
2012

Investment Highlights

  • Walmart Shadow Anchored
  • Nice Mix of E-Commerce Resistant Tenants
  • 100% Leased
  • All Tenants on NNN Leases
  • Hard, Signalized Corner
  • Well Established Retail Corridor

Investment Overview

Marcus & Millichap is please to offer this 100% leased four-tenant strip center for sale. Subject property is shadow anchored by a Walmart Supercenter and adjacent to many other national retailers such as HyVee, Marshalls, and Five Below. In addition, the property located in a major retail corridor featuring tenants such as Aldi, Hobby Lobby, Joan Fabric, Dollar Tree, Sherwin Williams, Auto Zone, O'Reilly Automotive, Caribou Coffee, Culver's, Arby's and Applebee's. Located on a signalized hard corner, the subject property is ideally positioned with easy access and great frontage to the main thoroughfare in a well-established retail corridor. In additional the property has a strong mix of local and regional e-commerce resistant tenants. Two of the four tenants have occupied the building since 2013 and have been through lease renewals while agreeing to rent bumps with their lease extensions. All of the leases are NNN providing the new owner with the ability to hire a management company and enjoy the passive income.

Exclusively Listed By

Financing By

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