511 Holly LnMankato, MN 56001

Property Details for 511 Holly Ln

Year built

2012

Lot size

1.03 AC

Property size (Sq ft)

5,852 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R01.09.17.231.016

APU

R010917231016

Description

This exceptional 9,896 square foot retail property, located at 511 Holly Lane North in Mankato, Minnesota, presents a compelling investment opportunity. Built in 2012, the property sits on a 1.03-acre lot and enjoys a highly visible location in a high-traffic area, with an estimated 30,000 vehicles passing daily. The property is currently net-leased to national brand tenants, boasting an excellent rental history, providing a stable and predictable income stream for investors. A key advantage is the availability of 2,000 square feet of lease space commencing May 1, 2024, offering potential for expansion or additional income generation. This presents a unique chance to acquire a well-established, core investment-grade retail property in a thriving Minnesota market. The property's location in Blue Earth County, zip code 56001, ensures easy access and high visibility for businesses. This is an ideal opportunity for investors seeking a stable, net-leased investment with significant upside potential. The property's strong tenant history and prime location make it a highly desirable asset.

• CAP approach

  CAP return

  Valuation

  6%

  $1,416,056

  6.5%

  $1,307,129

  7%

  $1,213,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $752,689

  Geo Method

  $752,689

• Alternative Use

  Use

  Valuation

  Residential

  $1,102,612

  Hospitality

  $1,009,987

  Educational

  $840,297

  Medical

  $869,196

  Retail

  $1,307,129

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1662

Longitude

-93.9696

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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