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Shopping Center with NNN Leases
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1300 18th Ave NW, Austin, MN 55912

Shopping center offering NNN leases and a tenant mix that includes Sherwin Williams and Pizza Ranch.

Property Size48,198 SF
Price / SF$43.57
Days on Market1031

Property Features for 1300 18th Ave NW

General Information

Standard status Active
Size 48,198 SF
Property subtype RETAIL

Additional Details

Asking Price $2,100,000

Building Details

Tenancy Multi
Listing Agency: Paramark Corporation
Listed By: Darci Fenske
Source: Moodyscre
Added: Oct 5, 2023 Changed: Jul 30 Last Checked: Jul 31 at 1:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paramark Corporation

Investment Insights

Based on property information with market context.

This shopping center totals 48,198 square feet and is operated under NNN leases. The tenant lineup includes Sherwin Williams, Pizza Ranch, a dance studio, and a grocery store, supporting a diversified day-to-day retail environment.

The property is located at 1300 18th Ave NW in Austin, MN. Recent improvements include resurfacing of the parking lot, supporting continued vehicle access and on-site parking convenience for tenants and customers.

With its NNN lease structure and established retail tenant mix, the property is positioned for buyers seeking a retail shopping center investment with multiple operating businesses in place.

Key Highlights

  • 48,198 SF shopping center
  • NNN lease structure
  • Tenants include Sherwin Williams and Pizza Ranch

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

275
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 38% Groceries 25% Dining 24% Apparel 10%
Hy-Vee Groceries
34,035 visits/mo 0.3 miles
Kwik Trip Shops & Services
27,342 visits/mo 0.4 miles
Runnings Apparel
19,830 visits/mo 0.3 miles
Hobby Lobby Shops & Services
17,819 visits/mo 0.1 miles
Aldi Groceries
14,331 visits/mo 0.1 miles

Demographics for 55912, MN

29,718
Population
12,443
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
188.0 sq mi
ZIP Area
158
Density / Sq Mi
$68,205
Median Household Income
$43,937
Median Earnings
$864
Median Rent
$161,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center offering NNN leases and a tenant mix that includes Sherwin Williams and Pizza Ranch.
Where is this shopping center located?
The property is located at 1300 18th Ave NW Austin, MN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 48,198 SF shopping center; NNN lease structure; Tenants include Sherwin Williams and Pizza Ranch
(507) 421-6556 Call to check price and availability
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