1035 Frontenac Dr Winona, MN 55987
- Commercial real estate
- 6,600 SF
- 0.76 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1035 Frontenac Dr
- Year built
- 2012
- Lot size
- 0.76 lot acres
- Property size
- 6,600 SF
- Property type
- Commercial real estate
- APN
- 32.423.0040
- APU
- 324230040
Description
This exceptional investment opportunity presents a fully leased, 6,599 square foot Class B shopping center in Winona, Minnesota. Located at 1035 Frontenac Dr, 55987, this property boasts a prime location within a Walmart parking lot, ensuring high visibility and foot traffic. The center features three units, currently 100% occupied by tenants, including a national retailer, "suntan city", providing stability and consistent income. Built in 2012 on a 0.653-acre lot, the single-building property offers ample parking (10 spaces per 1,000 sq ft). The property is offered at $1,800,000, translating to $272.77 per square foot. The Triple Net (NNN) lease structure minimizes landlord responsibilities, while built-in rent bumps ensure future income growth. The property's Assessed Property Number (APN) is 324230040. This is a turnkey investment with a strong tenant mix and a highly desirable location, making it an ideal addition to any commercial real estate portfolio. The property includes an end cap unit with a drive-through facility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,630,000
- 6.5%
- $1,800,000
- 7%
- $1,590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,745,000
- Geo Method
- $1,475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,970,000
- Retail
- $1,665,000
- Mixed-Use
- $1,560,000
- Hospitality
- $1,945,000
- Educational
- $1,640,000
- Residential Income
- $1,425,000
- Energy
- $1,835,000
- Income-Based Land
- $1,885,000
- Food Service
- $1,770,000
Location Insight
- Map
- Local Demand
- City
- Winona
- County
- Winona
- State
- Minnesota
- Longitude
- -91.6162
- Latitude
- 44.0346
- CBSA code
- 49100
- CBSA name
- WINONA, MN MICROPOLITAN STATISTICAL AREA