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14230 Dellwood Dr Baxter, MN 56425

Sponsored
For Sale
$2,092,000

6,000 SF Retail Center, High Traffic Area

Property size:
6,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Dental Office Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Baxter
County
Crow Wing
State
Minnesota
Longitude
-94.243535
Latitude
46.3579381

FAQs

What type of property is this?
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.;
More about this property
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