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    FOR SALE
    Commercial real estate

    1300 5Th St SE, Willmar, MN 56201

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-2265246
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 95-231-0100
    UPID US46-2265246
    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
    Current use
    Occupant on record · Public records
    • Godfather’s Pizza Restaurant
    • Tops Cleaners @ Cash Wise (Bike/Boat/Book/etc) Store
    • Picadeli Take-out & Catering
    • Little Dukes Car Wash
    • S.A.M. Check Cashing Machine Check Cashing
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    GESCH PROPERTIES & J GESCH TRUST
    GESCH PROPERTIES & J GESCH TRUST
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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