This exceptional 6,000-square-foot retail property, located at 14230 Dellwood Dr in Baxter, Minnesota (zip code 56425), presents a compelling investment opportunity. Currently operating as a Mattress Firm, this single-tenant, net-leased shopping center/storefront boasts a strong 100% occupancy rate with a remaining lease term of five years, expiring June 29, 2028. The lease commenced December 15, 2016, and features a favorable net lease structure. The asking price is $2,092,000, translating to a price per square foot of $349 and a compelling 6.10% cap rate (pro-forma NOI of $127,620). Built in 2016, the property sits on a 0.82-acre lot in a high-traffic area, benefiting from its proximity to major retailers such as Camping World, Target, Michaels, Aldi, and Taco Bell. Baxter, situated in Crow Wing County, is a thriving community experiencing significant growth, serving as a gateway to the Brainerd Lakes Area, a region renowned for its recreational opportunities, including numerous lakes, parks, and the Paul Bunyan State Trail. This location offers excellent visibility and access for customers, making it an ideal investment for discerning buyers seeking a stable, high-performing retail asset in a desirable market. The property's strong tenant, favorable lease terms, and prime location combine to create a robust investment opportunity with significant potential for long-term returns.
Property Features for 14230 Dellwood Dr
General Information
Property type
Lifestyle centers
Square Feet
6,000 SF
Lot Size
35,719 SF
Building Details
Year Built
2016
HighLights
High‑traffic street location.
Excellent retail synergy with nearby Camping World, Target, Michaels, Aldi, and Taco Bell.
Lifestyle center - 6,000 SF Retail Center, High Traffic Area
Where is this lifestyle center located?
The property is located at 14230 Dellwood Dr Baxter, MN.
What is the asking price?
The asking price for this property is $2,092,000.
What are key features of this property?
This property features: High-traffic street location.; Excellent retail synergy with nearby Camping World, Target, Michaels, Aldi, and Taco Bell.;
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14230 Dellwood Dr Baxter, MN 56425
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Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
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Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
14230 Dellwood Dr Baxter, MN 56425
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14230 Dellwood Dr, Baxter, MN
Adam Hayden
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14230 Dellwood Dr, Baxter, MN
Adam Hayden
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14230 Dellwood Dr, Baxter, MN
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14230 Dellwood Dr, Baxter, MN
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14230 Dellwood Dr, Baxter, MN
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14230 Dellwood Dr, Baxter, MN
Adam Hayden
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