NNN Fitness and Chiropractic
For Sale
Contact for pricing
Pending
1620 17th St NW, Faribault, MN 55021
Two established operators occupy the center under NNN leases with contractual annual rent increases.
Property SizeContact for details
Days on Market140
Property Features for 1620 17th St NW
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Brandon Price · License #CA 01822998
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Apr 13 at 5:03PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The property comprises an 11,970-square-foot commercial center leased entirely on an NNN basis to Anytime Fitness and Potter Chiropractic. Bandon Fitness holds a 15-year lease extending through July 2037, with 3 percent annual rent increases. Potter Chiropractic has operated at the site since 2021 and renewed for five years; its lease includes 1.5 percent annual increases.
At Lyndale Ave North and 17th Street Northwest, the center sits along a traffic corridor with daily counts exceeding 14,600 vehicles. It is directly across from Crossroads Professional Building, a 59,886-square-foot medical office occupied by dental and medical practices. More than 25,400 residents live within a 3-mile radius.
An additional 0.92-acre parcel fronting Interstate 35 is included and preapproved for a 9,000-square-foot building.
At Lyndale Ave North and 17th Street Northwest, the center sits along a traffic corridor with daily counts exceeding 14,600 vehicles. It is directly across from Crossroads Professional Building, a 59,886-square-foot medical office occupied by dental and medical practices. More than 25,400 residents live within a 3-mile radius.
An additional 0.92-acre parcel fronting Interstate 35 is included and preapproved for a 9,000-square-foot building.
Key Highlights
- 11,970‑square‑foot center leased 100 percent on an NNN basis
- Bandon Fitness lease runs through July 2037 with 3 percent annual rent increases
- Potter Chiropractic renewed for a five‑year term with 1.5 percent annual increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 55021, MN
30,636
Population
12,421
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
177.0 sq mi
ZIP Area
173
Density / Sq Mi
$70,296
Median Household Income
$39,914
Median Earnings
$1,044
Median Rent
$267,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Two established operators occupy the center under NNN leases with contractual annual rent increases.
Where is this nnn property located?
The property is located at 1620 17th St NW Faribault, MN.
What are key features of this property?
This property features: 11,970‑square‑foot center leased 100 percent on an NNN basis; Bandon Fitness lease runs through July 2037 with 3 percent annual rent increases; Potter Chiropractic renewed for a five‑year term with 1.5 percent annual increases
