15850 87th NE St, Otsego, MN 55330-6584
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.
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Napa Valley Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
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Artura Dental Dental Office
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Parker’s Lot Parking Lot & Garage
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Smile Orthodontics | Otsego Dental Office
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UPS Access Point location Courier Service Postal Service
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
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.