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Property profile & analytics
OFF-MARKET
Lifestyle centers

1270 State St Waseca, MN 56093

43,693 SF
Property ID
Property summary
AI-generated overview

This Class A, 43,693 square foot shopping center offers a unique leasing opportunity in Waseca, Minnesota. Currently, 38,000 square feet is available, divisible into spaces as small as 4,000 square feet, with a maximum contiguous space of 38,000 square feet. The property is situated on North State Street, the town's main thoroughfare, boasting high traffic counts. This location benefits from its proximity to major retailers including Walmart, O'Riley Auto Parts, Verizon, McDonald's, Burger King, Dairy Queen, Dollar Tree, Casey's General Store, and Quick Trip. The center's co-anchors include Bomgaars Fleet and Farm and Dr. Monson Optometry, providing strong synergy and attracting a diverse customer base. The former Cash Wise Foods and Liquor space presents a significant opportunity for a variety of retail uses. Waseca, the county seat of Waseca County, is a robust employment center and a popular seasonal lakes destination, serving a trade area of nearly 14,000 people, expanding significantly during the summer months. The property's location directly across from the junior/middle and senior high schools provides excellent visibility and accessibility. This is an exceptional opportunity to establish a presence in a thriving community with high foot traffic and strong demographics. The property is classified as Class A, reflecting its high quality and desirable features.

Property profile
Verified
Property type Lifestyle centers
Total area 43,693 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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