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Walmart Shadow Anchored Retail Value-Add Box 1227 Timberlane Dr

33,272 SF 100% Leased Retail Building Sauk Centre, MN 56378 £1,053,762 (£32/SF)

INVESTMENT HIGHLIGHTS

  • Retail Box Reposition Opportunity - Regional Draw - Attractively Low Price Per Square Foot – Front Parking Lot Milled & Overlayed
  • Walmart Supercenter Shadow-Anchored – Interstate-94 On-Ramp Location (24,114 Cars Per Day)
  • Seller Carryback Available – Regional Retail Center – Next to Dollar Tree
  • Vacant 26,000+ SF Junior Anchor Box in Great Condition – Positioned for Lease-Up – Seller Financing Available (Low Interest Rate) – Rare Opportunity
  • Significant Current Income from Short-Term, Flexible-Leased Tenants Offsets Ownership/Redevelopment Costs
  • Tenants include Fastenal (Nasdaq: FAST): $35.82 Billion Market Cap, 3,334 Locations

EXECUTIVE SUMMARY

*Seller Financing Available*
We are pleased to present to qualified investors an opportunity to purchase an ideally located junior anchor box redevelopment value-add opportunity that is positioned adjacent to a regional Walmart Supercenter in Sauk Centre (St. Cloud), Minnesota. This is a regional retail destination and rare investment opportunity directly off the Interstate-94/Main St (US Hwy 71) interchange with a combined 33,373 cars per day right next to national brands that signal this location as a best-in-market site for retail. These neighboring tenants include Dollar Tree, McDonald’s, Taco Bell, Caribou Coffee, Dairy Queen, O’Reilly Auto Parts, Ace Hardware, Coborn’s Grocery, AmericInn by Wyndham, and Holiday Stationstores (Circle K).
This 33,272 SF property features a 26,000+ square foot vacant box ready for re-leasing, a new front parking lot just milled and overlayed, as well as three paying tenants on short-term leases that provide an investor with the flexibility to redevelop the entire building as well as sizable current income that offset ownership costs while the property is being repositioned. These tenants include Central Minnesota LifeCare Center, Inc. dba Options for Women, Feldt Financial Services, and Fastenal – a publicly-traded company (Nasdaq: FAST) and a component of the Nasdaq-100 and S&P 500. Additionally, this offering includes a rare seller financing option at an attractively low interest rate (inquire for further details).
Sauk Centre is part of the St. Cloud MSA – the largest population center in the state’s central region and located on I-94 connecting Fargo, ND with the Twin Cities of Minneapolis-Saint Paul. This is a unique opportunity to buy a strategically located retail, value-add investment with huge potential for repositioning via lease-up or redevelopment at an attractively low price per square foot.

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
33,272 SF
Building Class
B
Year Built/Renovated
1998/2022
Price
£1,053,762
Price Per SF
£32
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Lot Size
2.95 AC
Zoning
C-2 - Commercial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • 5,000 SF
  • £5.73
  • Full Service
  • Mar 2026

Fastenal is different things to different customers: a local relationship, a logistics company, a consultant, a technology solutions provider, and more generally, a distributor of wide-ranging industrial and construction products. These aspects of their service share a common foundation: great people, close to their customers, backed by world-class resources. As their capabilities continue to expand and evolve, this is what sets them apart in terms of service, growth, and value. ‘Great people’ speaks to their organizational commitment to bring out and fully utilize the creativity of every team member. They pursue this by prioritizing employee training, by rewarding success and promoting from within, and by maintaining a decentralized culture where ideas and innovation flow in all directions, not just from the top down.

  • Feldt Financial Services
  • Finance and Insurance
  • 204 SF
  • £9.35
  • Modified Gross
  • Jul 2024
  • Options For Women
  • Service type
  • 2,000 SF
  • £4.77
  • Modified Gross
  • Jul 2024
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Wholesaler 5,000 SF £5.73 Full Service Mar 2026
Feldt Financial Services Finance and Insurance 204 SF £9.35 Modified Gross Jul 2024
Options For Women Service type 2,000 SF £4.77 Modified Gross Jul 2024

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 21,000-25,000 SF
  • Retail
  • End Cap
  • 30 Days

Excellent visibility for branding and access Pylon signage Dual recessed loading docks

Space Size Space Use Position Available
1st Floor 21,000-25,000 SF Retail End Cap 30 Days

1st Floor

Size
21,000-25,000 SF
Space Use
Retail
Position
End Cap
Available
30 Days

1st Floor

Size 21,000-25,000 SF
Space Use Retail
Position End Cap
Available 30 Days

Excellent visibility for branding and access Pylon signage Dual recessed loading docks

NEARBY MAJOR RETAILERS

Caribou Coffee
Snap Fitness 24/7
Coborn's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 94.58460.0014
  • 94.58460.0018
  • 94.58460.0012
  • 94.58460.0016
Land Assessment
£268,809
Improvements Assessment
£317,003
Total Assessment
£585,812
  • Listing ID: 32473307

  • Date on Market: 16/07/2024

  • Last Updated:

  • Address: 1227 Timberlane Dr, Sauk Centre, MN 56378

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