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Anytime Fitness Strip 1605 1st St S

28,829 SF 100% Leased Retail Building Willmar, MN 56201 £566,494 (£20/SF) 8% Net Initial Yield

Investment Highlights

  • A four-tenant retail strip center featuring longstanding tenancies and reputable national and regional tenants
  • Multiple recent lease extensions demonstrate dedication to the location
  • Replaceable rents – $7.66/SF average (unweighted)
  • Subject property serves as a primary outparcel to Uptown Willmar Mall – the main retail shopping center in the direct trade area
  • No tenants possess any remaining extension options and existing vacancies allow for a lease-up/re-development opportunity in the future
  • Extremely low price per square foot – $25.11

Executive Summary

A four-tenant retail strip center featuring longstanding tenancies, including two tenants that recently renewed their leases showing dedication to the site. Excellent intrinsics – replaceable rents ($7.66/SF) and extremely low price per square foot ($25.11/SF). No tenants possess any remaining extension options and existing vacancies allow for a lease-up/re-development opportunity in the future.

Attachments

AnytimeFitnessStrip_WillmarMN

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
28,829 SF
Year Built
1981
Price
£566,494
Price Per SF
£20
Net Initial Yield
8%
NOI
£45,320
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.31
Lot Size
2.13 AC
Zoning
SC - Shopping Center
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1605 1st St S, Willmar, MN - aerial map view - Image1
1605 1st St S, Willmar, MN - aerial map view - Image2
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Caribou Coffee
Grizzly's Grill N' Saloon
Cub Foods
Wells Fargo Home Mortgage
Starbucks
Anytime Fitness
CrossFit
Little Dukes
Cash Wise
Applebee's

PROPERTY TAXES

Parcel Number 95-699-2040 Improvements Assessment £377,063
Land Assessment £540,516 Total Assessment £917,579

PROPERTY TAXES

Parcel Number
95-699-2040
Land Assessment
£540,516
Improvements Assessment
£377,063
Total Assessment
£917,579
(650) 678-7200

Contacts

  • Listing ID: 31966638

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: 1605 1st St S, Willmar, MN 56201

The Retail Property at 1605 1st St S, Willmar, MN 56201 is currently available for sale. Contact CP Partners CRE for more information.

Nearby Listings

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1605 1st St S, Willmar, MN for sale Aerial- Image 1 of 4
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© 2024 CoStar Group

Anytime Fitness Strip | 1605 1st St S
(650) 678-7200 x

Anytime Fitness Strip | 1605 1st St S

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John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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