15850 87Th StOtsego, MN 55330

For Sale
Call for price

High-Yield Shopping Center, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 25,460-square-foot, single-story shopping center in Otsego, Minnesota. Built in 2008, the property boasts a 100% occupancy rate with a diverse mix of strong tenants, ensuring a stable income stream. The center benefits from a prominent location, shadow-anchored by a SuperTarget, driving significant foot traffic and visibility. Key tenants include national credit tenants like Michael's Craft Stores, along with established local businesses such as Smile Orthodontics, Great Clips, Artura Dental, and Napa Valley Liquors. The property operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities. With a stabilized investment profile and a compelling 7.50% capitalization rate, this shopping center represents a rare opportunity for investors seeking a secure and high-yielding addition to their portfolio. The property is located at 15850 87th St NE, Otsego, MN 55330, in Wright County. The address is easily accessible and situated within a thriving retail corridor. This is a multi-tenant property offering a diversified income stream and long-term growth potential. The property's strong tenant roster and prime location make it an attractive investment for both seasoned and emerging investors. The single-building structure simplifies management and maintenance, further enhancing its appeal. This is a turnkey investment ready to generate immediate returns.

Highlights

  • Retail shopping center totaling 25,460 square feet.
  • 7.50% cap rate, stabilized investment.
  • 100% occupancy with NNN leases.
  • Multi-tenant property built in 2008, single-story building.
  • Shadow-anchored by SuperTarget, featuring national and regional tenants including Michael's, Smile Orthodontics, Great Clips, Artura Dental, and Napa Valley Liquors.

Property Details for 15850 87Th St

Property type
Lifestyle centers, Power centers
Square Feet
25,460 SF
Year Built
2008
Buildings
1
Stories
1

Location Insight

City
Otsego
County
Wright
State
Minnesota
Latitude
45.278260649233
Longitude
-93.561382087862
15850 87Th St, Otsego, Minnesota

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15850 87Th St
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