1920 Adams StMankato, MN 56001

Property Details for 1920 Adams St

Year built

1996

Lot size

1.18 AC

Property size (Sq ft)

7,488 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R01.09.10.301.007

APU

R010910301007

Description

This exceptional investment opportunity presents a fully occupied, three-tenant retail property situated on a 1.18-acre lot in Mankato, Minnesota. The 7,480 square foot building, constructed in 1996, boasts a strong lineup of nationally recognized quick-service restaurants: Five Guys, Jersey Mike's Subs, and Noodles & Company. This triple-net (NNN) leased property offers a secure investment with a current Net Operating Income (NOI) of $197,086 and a compelling 6.25% capitalization rate. The property's prime location at 1920 Adams St, Mankato, MN 56001, a block from County Highway 14, ensures high visibility and convenient access for customers. The property benefits from its position near County Road 22, providing excellent exposure to significant traffic flow. Mankato's thriving retail market, including a major regional mall, further enhances the property's value and potential for long-term growth. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a desirable location with a proven track record of success. The 100% occupancy rate underscores the strength of the tenant mix and the property's enduring appeal to consumers. This investment offers a stable income stream and significant potential for future appreciation. The asking price for this exceptional property is $3,150,000.

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1709

Longitude

-93.9472

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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