For Sale
$1,400,000

1227 Timberlane DrSauk Centre, MN 56378

Walmart-adjacent, 33,272 SF retail box

Overview

Added:
Dec 11, 2024
Days on market:
117
This 33,272 square foot retail property in Sauk Centre, Minnesota, presents a compelling value-add investment opportunity. Shadow-anchored by a Walmart Supercenter, this shopping center benefits from a high-traffic location at the intersection of I-94/Main St (US Hwy 71), boasting a combined daily traffic count exceeding 33,000 vehicles. The property, built in 1998 and renovated in 2022, sits on a 2.95-acre lot and includes 164 parking spaces, pylon signage, and dual loading docks. Currently, occupancy stands at 23.02%, with three tenants on short-term leases providing immediate income while allowing for redevelopment of the substantial 26,000+ square foot vacant space. These tenants include Fastenal (a Nasdaq-100 and S&P 500 company), Options for Women, and Feldt Financial Services. The property is zoned C-2 and features a recently milled and overlaid front parking lot. The asking price is $1,400,000 ($42.08/sq ft). Seller financing is available. The property is located within the St. Cloud MSA, a major population center in central Minnesota, and enjoys proximity to numerous national brands including McDonald's, Taco Bell, and others. A clean environmental report from 2022 is available. Fee simple ownership is offered, free and clear of debt. This presents a rare chance to acquire a strategically positioned retail asset with significant upside potential through lease-up or redevelopment in a high-demand market with only a 4% vacancy rate.

Highlights

  • 33,272 SF retail property in Sauk Centre, MN, shadow-anchored by a Walmart Supercenter.
  • Seller financing available.
  • High-traffic location at I-94/US Hwy 71 intersection (33,000+ vehicles daily).
  • Significant current income from short-term tenants offsets redevelopment costs.
  • Fastenal (Nasdaq: FAST), a major tenant.
  • Value-add opportunity with 23% occupancy and 26,000+ SF vacant space.

Property Details for 1227 Timberlane Dr

Property type
Lifestyle centers, Power centers
Square Feet
33,272 SF
Year Built/Renovated
1998/2022
Lot Size (sq. ft)
128,502 SF

Location Insight

City
Sauk Centre
County
Stearns
State
Minnesota
Latitude
45.723345033249
Longitude
-94.94981551275
1227 Timberlane Dr, Sauk Centre, Minnesota

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1227 Timberlane Dr
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