Anchored Shopping Center With National
For Sale
$12,975,000
140 Tyler Rd N, Red Wing, MN 55066
Fully leased retail center with multiple national anchors, predominantly NNN leases, and substantial tenant representation from credit-backed operators.
Property Size167,209 SF
Price / SF$77.60
Days on Market15
Property Features for 140 Tyler Rd N
General Information
Standard status
Active
Size
167,209 SF
Property subtype
Shopping Regional
Occupancy
100%
Additional Details
Anchor Co-Tenants
Aldi, TJ Maxx, Five Below
Amenities
Anchored by Aldi, TJ Maxx and Five Below with 80 Percent of the NOI From National/Regional Credit
Massive Potential to Increase Net Operating Income to Double Digit Proforma Cap Rates
Target Shadow Anchored with Walmart Just Blocks Away
Aldi & TJ Maxx Both Have Rent Increases in 2027
Solid Placer.ai Visitor Trends With 1.2M Visits in the Trailing 12 Months, an Increase of 9.2 Percent YOY and 17.6 Percent in Last Three Years
Two Tenant's Totaling Nearly 40 Percent of the Center Have Rents Substantially Below Market
Site is a Regional Retail Hub Strategically Located Between Larger Markets Such as Minneapolis/Saint Paul, Rochester and La Crosse
Several Ways for Upside - Via Replacing Multiple Low Rent Tenants, Selling Strip Centers Individually and Potential New Development
Building Details
Building Size
167,209 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
(952) 852-9734
Listed By:
Tom Gommels · License #License(s): MN: 40524426
(952) 852-9734
Source:
Marcusmillichap
Added: Aug 1
Changed: Aug 14
Last Checked: Aug 15 at 3:33AM
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 Tom Gommels
Investment Insights
Based on property information with market context.
This 167,209-square-foot shopping center, built in 1982, is fully leased and features a tenant lineup led by Aldi, TJ Maxx, and Five Below. Target provides shadow-anchor support, while Walmart Supercenter is located nearby. Most leases are structured as triple-net, and the center has approximately 4.6 years of weighted average lease term remaining. Scheduled rent increases for Aldi and TJ Maxx occur in 2027.
The property recorded 1.2 million visitors during the last twelve months, reflecting a 9.2% year-over-year increase and a 17.6% increase over three years. Average household income exceeds $105,000 within ten miles. The center serves a regional trade area between Minneapolis–St. Paul, Rochester, La Crosse, and Eau Claire, with roughly 80% of property income derived from national or regional credit tenants.
The property recorded 1.2 million visitors during the last twelve months, reflecting a 9.2% year-over-year increase and a 17.6% increase over three years. Average household income exceeds $105,000 within ten miles. The center serves a regional trade area between Minneapolis–St. Paul, Rochester, La Crosse, and Eau Claire, with roughly 80% of property income derived from national or regional credit tenants.
Key Highlights
- 167,209‑square‑foot shopping center built in 1982
- 100% leased with Aldi, TJ Maxx, and Five Below as leading tenants
- Target shadow anchor; Walmart Supercenter located nearby
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 22%
Apparel 16%
Shops & Services 11%
Target
Superstores
41,945 visits/mo
0.2 miles
T.J. Maxx
Apparel
18,350 visits/mo
0.0 miles
Culver's
Dining
16,173 visits/mo
0.4 miles
Arby's
Dining
14,891 visits/mo
0.3 miles
Taco Bell
Dining
14,038 visits/mo
0.3 miles
Demographics for 55066, MN
18,732
Population
8,707
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
120.9 sq mi
ZIP Area
155
Density / Sq Mi
$70,529
Median Household Income
$40,764
Median Earnings
$958
Median Rent
$237,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Red Wing Mall — 160 Tyler Rd N, Red Wing, MN 55066
- Quick-Tag — Walmart Supercenter, 295 Tyler Rd S, Red Wing, MN 55066
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with multiple national anchors, predominantly NNN leases, and substantial tenant representation from credit-backed operators.
Where is this shopping center located?
The property is located at 140 Tyler Rd N Red Wing, MN.
What is the asking price?
The asking price for this property is $12,975,000.
What are key features of this property?
This property features: 167,209‑square‑foot shopping center built in 1982; 100% leased with Aldi, TJ Maxx, and Five Below as leading tenants; Target shadow anchor; Walmart Supercenter located nearby
