1416 College DrMarshall, MN 56258

Property Details for 1416 College Dr

Lot size

6.31 AC

Property type

Commercial real estate

APN

27-867001-0

APU

278670010

Description

This fee-simple retail property in Marshall, MN, offers a compelling investment opportunity. The 2,559 square foot Caribou Coffee location boasts a 10-year net lease (commencing May 1, 2023, and expiring April 30, 2033) with a strong, nationally recognized tenant. The property features a drive-thru, 27 parking spaces, and is situated on a 0.63-acre lot in a high-traffic area with excellent visibility. The lease includes 10% rent bumps every five years and three five-year renewal options. The property enjoys a 6.00% cap rate and a current NOI of $115,000. Built in 2016, the building is zoned B-3 General Business and benefits from its proximity to Southwest Minnesota State University and Avera Marshall Regional Medical Center, ensuring a consistent customer base. Surrounding tenants include well-known national brands, creating a synergistic retail environment. The property's location along E. College Drive provides easy access to major highways, further enhancing its appeal. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential. The asking price is $1,917,000.

Location Insight

City

Marshall

County

Lyon

State

Minnesota

Latitude

44.45

Longitude

-95.762

CBSA code

32140

CBSA name

MARSHALL, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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