1416 College Dr Marshall, MN 56258-2027
- Commercial real estate
- 6.31 lot acres
Jul 28, 2025
Current Use by Public Records
- Caribou Coffee / Cafe / Coffee Shop
Property Details for 1416 College Dr
- Lot size
- 6.31 lot acres
- Property type
- Commercial real estate
- APN
- 27-867001-0
- APU
- 278670010
Description
This fee-simple retail property in Marshall, MN, offers a compelling investment opportunity. The 2,559 square foot Caribou Coffee location boasts a 10-year net lease (commencing May 1, 2023, and expiring April 30, 2033) with a strong, nationally recognized tenant. The property features a drive-thru, 27 parking spaces, and is situated on a 0.63-acre lot in a high-traffic area with excellent visibility. The lease includes 10% rent bumps every five years and three five-year renewal options. The property enjoys a 6.00% cap rate and a current NOI of $115,000. Built in 2016, the building is zoned B-3 General Business and benefits from its proximity to Southwest Minnesota State University and Avera Marshall Regional Medical Center, ensuring a consistent customer base. Surrounding tenants include well-known national brands, creating a synergistic retail environment. The property's location along E. College Drive provides easy access to major highways, further enhancing its appeal. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential. The asking price is $1,917,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,595,000
- ML approach
- $1,700,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marshall
- County
- Lyon
- State
- Minnesota
- Longitude
- -95.762
- Latitude
- 44.45
- CBSA code
- 32140
- CBSA name
- MARSHALL, MN MICROPOLITAN STATISTICAL AREA
