1300 5Th St SE, Willmar, MN 56201
For Sale
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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.
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Godfather’s Pizza Restaurant
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Tops Cleaners @ Cash Wise (Bike/Boat/Book/etc) Store
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Picadeli Take-out & Catering
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Little Dukes Car Wash
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S.A.M. Check Cashing Machine Check Cashing
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.