14230 Dellwood Dr Baxter, MN 56425

Property Details for 14230 Dellwood Dr

Year built

2016

Lot size

0.82 lot acres

Property size

6,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Baxter

County

Crow Wing

State

Minnesota

Longitude

-94.2435

Latitude

46.3579