For Sale
$2,129,000
2560 1St St Willmar, MN 56201
High-traffic, 2-tenant retail pad, excellent ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 130
Highlights
- 7,800 SF retail building on a 1.53-acre lot in Willmar, MN, with 47 parking spaces.
- 100% occupied by two national credit tenants (Spectrum & Home Choice) under NNN leases; $149,000 NOI and 7.00% cap rate.
- Asking price: $2,129,000 ($273/SF); built in 2016 with built-in rental increases every five years.
- Prime location on 1st St S, a high-traffic arterial road, with excellent visibility and accessibility near Target and Menards.
- Strong demographics: average household income of $80,980 within a 10-mile radius.
Property Details for 2560 1St St
- Property type
- Retail properties, Retail space
- Square Feet
- 7,800 SF
- Year Built
- 2016
- Lot Size (sq. ft)
- 66,647 SF
Location Insight
- City
- Willmar
- County
- Kandiyohi
- State
- Minnesota
- Latitude
- 45.097967771773
- Longitude
- -95.042692332994
2560 1St St, Willmar, Minnesota
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-traffic, 2-tenant retail pad, excellent ROI.
- Where is the retail property located?
- The property is located at 2560 1St St Willmar, MN.
- What is the asking price?
- The asking price for this property is $2,129,000.
- What are key features of this property?
- This property features: 7,800 SF retail building on a 1.53-acre lot in Willmar, MN, with 47 parking spaces.; 100% occupied by two national credit tenants (Spectrum & Home Choice) under NNN leases; $149,000 NOI and 7.00% cap rate.; Asking price: $2,129,000 ($273/SF); built in 2016 with built-in rental increases every five years.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website