1920 Adams St Mankato, MN 56001
- Strip malls
- 7,488 SF
- 1.18 lot acres
Current Use by Public Records
- Five Guys / Fast Food Restaurant / American Restaurant
Property Details for 1920 Adams St
- Year built
- 1996
- Lot size
- 1.18 lot acres
- Property size
- 7,488 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- R01.09.10.301.007
- APU
- R010910301007
Description
This exceptional investment opportunity presents a fully occupied, three-tenant retail property situated on a 1.18-acre lot in Mankato, Minnesota. The 7,480 square foot building, constructed in 1996, boasts a strong lineup of nationally recognized quick-service restaurants: Five Guys, Jersey Mike's Subs, and Noodles & Company. This triple-net (NNN) leased property offers a secure investment with a current Net Operating Income (NOI) of $197,086 and a compelling 6.25% capitalization rate. The property's prime location at 1920 Adams St, Mankato, MN 56001, a block from County Highway 14, ensures high visibility and convenient access for customers. The property benefits from its position near County Road 22, providing excellent exposure to significant traffic flow. Mankato's thriving retail market, including a major regional mall, further enhances the property's value and potential for long-term growth. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a desirable location with a proven track record of success. The 100% occupancy rate underscores the strength of the tenant mix and the property's enduring appeal to consumers. This investment offers a stable income stream and significant potential for future appreciation. The asking price for this exceptional property is $3,150,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,250,000
- 6.5%
- $3,220,000
- 7%
- $2,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,830,000
- Geo Method
- $2,815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,125,000
- Retail
- $2,685,000
- Mixed-Use
- $3,235,000
- Hospitality
- $3,065,000
- Educational
- $3,060,000
- Residential Income
- $3,085,000
- Energy
- $3,215,000
- Income-Based Land
- $2,785,000
- Food Service
- $3,045,000
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9472
- Latitude
- 44.1709
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
