209 Nokomis St Alexandria, MN 56308

This exceptional Alexandria, MN property offers a unique investment opportunity encompassing approximately 3.76 acres of land and two existing buildings. The portfolio includes a 5,518 square foot former Burger King and convenience store building at 209 Nokomis Street, and a 9,000 square foot retail building currently occupied by TireMaxx. An additional half-acre parcel on a signalized corner with high traffic counts (18,000 vehicles per day) is also available, presenting potential for ground lease or sale. The entire site presents significant redevelopment potential, allowing for the repurposing of existing structures or construction of new developments. A sale-leaseback option with TireMaxx is possible, but not a requirement for sale or redevelopment. The property boasts prominent pylon signage and benefits from a strong location near established businesses such as Elden's Fresh Foods, Wells Fargo Bank, and several popular restaurants and retailers. The site's proximity to dense residential neighborhoods further enhances its appeal. The owner is open to considering a ground lease for the entire 3.76-acre site. This versatile property offers a range of possibilities for investors seeking a prime retail location in a thriving community. The total square footage of the buildings ranges from 2,300 to 12,518 square feet. The property is located in Douglas County, Minnesota, zip code 56308. Potential exists for a drive-thru.