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    Property profile & analytics
    OFF-MARKET
    Strip malls

    15850 87th NE St, Otsego, MN 55330-6584

    24,376 SF 6.09 ac lot Built 2008
    Entity Owned ~ Est. High Equity
    Property ID
    US46-1542384
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 25,460-square-foot, single-story shopping center in Otsego, Minnesota. Built in 2008, the property boasts a 100% occupancy rate with a diverse mix of strong tenants, ensuring a stable income stream. The center benefits from a prominent location, shadow-anchored by a SuperTarget, driving significant foot traffic and visibility. Key tenants include national credit tenants like Michael's Craft Stores, along with established local businesses such as Smile Orthodontics, Great Clips, Artura Dental, and Napa Valley Liquors. The property operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities. With a stabilized investment profile and a compelling 7.50% capitalization rate, this shopping center represents a rare opportunity for investors seeking a secure and high-yielding addition to their portfolio. The property is located at 15850 87th St NE, Otsego, MN 55330, in Wright County. The address is easily accessible and situated within a thriving retail corridor. This is a multi-tenant property offering a diversified income stream and long-term growth potential. The property's strong tenant roster and prime location make it an attractive investment for both seasoned and emerging investors. The single-building structure simplifies management and maintenance, further enhancing its appeal. This is a turnkey investment ready to generate immediate returns.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2008
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 24,376 SF
    Lot 6.09 ac (265,237 SF)
    APN 118-239-001030
    UPID US46-1542384
    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
    • Napa Valley Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • Artura Dental Dental Office
    • Parker’s Lot Parking Lot & Garage
    • Smile Orthodontics | Otsego Dental Office
    • UPS Access Point location Courier Service Postal Service
    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
    Lotus Realty Group LLC
    Lotus Realty Group LLC
    since 2025
    Last sale
    $5.6M
    6 recorded transactions
    2025
    $5.6M
    2022
    $3.1M
    2012
    $1.0M
    2009
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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