1702 Westridge RdNew Ulm, MN 56073

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.