Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional 40,740 square foot shopping center in New Ulm, Minnesota, presents a compelling investment opportunity. Boasting a 7.79% cap rate and a strong NOI of $389,740, this multi-tenant property features 11 tenants, including Dollar Tree, Verizon Wireless, Maurices, Great Clips, Cricket Wireless, and Shoe Sensation, across 12 units within two buildings. Built in 2007, the property sits on a 5.69-acre lot zoned C3 and enjoys 97% occupancy. The property benefits from a prime location along Highway 14, in the main retail corridor, shadow-anchored by Walmart and Menards, ensuring high visibility and traffic. New Ulm, the county seat of Brown County, serves as a retail hub for a 30-mile radius, with limited competition and a stable market. Eight of the eleven tenants have renewed their leases within the past 18 months, demonstrating strong tenant loyalty. A single small vacant unit offers immediate value-add potential, with a one-year master lease at $12 per square foot provided by the seller post-sale. The asking price is $5,000,000, translating to $122.73 per square foot. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving market.
Highlights
$5,000,000 asking price for a 40,740 square foot retail shopping center in New Ulm, MN.
Net lease investment opportunity with a 7.79% cap rate and $389,740 NOI.
Multi-tenant property with 11 tenants including Dollar Tree, Verizon Wireless, Maurices, Great Clips, Cricket Wireless, and Shoe Sensation; 97% occupancy.
Located on Highway 14 in a prime retail corridor, shadow-anchored by Walmart and Menards.
Two buildings totaling 40,740 square feet on a 5.69-acre lot, built in 2007, with C3 zoning.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.