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    1300 5Th St Willmar, MN 56201

    For Sale
    $8,935,000

    Grocery Store Investment Opportunity: High NOI, Strong Tenant

    Property size:
    88,355 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity featuring a 88,355 square foot Cash Wise Foods grocery store in Willmar, Minnesota. This single-tenant, net-leased property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $558,411. The property sits on a 9.5-acre lot at 1300 5th St SE, 56201, and includes a 14' clear height and 5 dock doors. Originally constructed in 1984 (55,000 sq ft) with a precast addition in 1994 (33,355 sq ft), the building underwent a major $5.5 million+ renovation in 2021. This comprehensive remodel encompassed a new HVAC system (including all new RTUs), a completely resurfaced parking lot, and a full interior remodel of the tenant's fixtures, furniture, and equipment (FF&E). The tenant, Coborn's, Inc., enjoys a long-term lease with options for renewal, demonstrating a significant and stable market presence for nearly four decades. The asking price is $8,935,000, translating to $101.13 per square foot. Detailed improvement lists are available upon request. This property presents a rare opportunity to acquire a high-performing, well-maintained grocery store investment with a proven track record and significant upside potential. Lease commenced December 31, 1983, with 2-5 year lease options available. 100% occupancy.

    Property Features for 1300 5Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    88,355 SF
    Lot Size
    413,820 SF

    Building Details

    Year Built/Renovated
    1984/2021

    HighLights

    • 88,355 SF Cash Wise Foods grocery store in Willmar, MN, on a 9.5‑acre lot.
    • $8,935,000 asking price ($101.13/SF), 6.25% cap rate, $558,411 NOI.
    • Major $5.5M+ renovation in 2021, including new HVAC, resurfaced parking lot, and full interior remodel.
    • 14' clear height and 5 dock doors.
    • Long‑term net lease with Coborn's, Inc., a credit tenant with decades of occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Godfather’s Pizza Pizza Restaurant Tops Cleaners @ Cash ... Dry Cleaner Picadeli Salad Shop Little Dukes Car Wash S.A.M. Check Cashing ... Check Cashing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Willmar
    County
    Kandiyohi
    State
    Minnesota
    Longitude
    -95.0400405
    Latitude
    45.1100117

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    FAQs

    What type of property is this?
    Individual retail property - Grocery Store Investment Opportunity: High NOI, Strong Tenant
    Where is this individual retail property located?
    The property is located at 1300 5Th St Willmar, MN.
    What is the asking price?
    The asking price for this property is $8,935,000.
    What are key features of this property?
    This property features: 88,355 SF Cash Wise Foods grocery store in Willmar, MN, on a 9.5-acre lot.; $8,935,000 asking price ($101.13/SF), 6.25% cap rate, $558,411 NOI.; Major $5.5M+ renovation in 2021, including new HVAC, resurfaced parking lot, and full interior remodel.
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    1300 5Th St Willmar, MN 56201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    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
    1300 5Th St Willmar, MN 56201
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