930 Frontenac Dr Winona, MN 55987

This exceptional investment opportunity presents a 3,000 square foot storefront occupied by Verizon Wireless at 930 Frontenac Drive, Winona, Minnesota, 55987. The property boasts a strong net lease with a corporate guarantee from Verizon Wireless (NYSE: VZ), offering significant investment security. The current lease, commenced December 1, 2012, has a remaining term of five years, with a five-year option period including a 12% rent increase. The property generates a net operating income (NOI) of $109,500, resulting in a 7.00% cap rate based on the asking price of $1,564,000 ($521.33 per square foot). Verizon recently extended their lease, demonstrating their long-term commitment to this prime retail location. The property benefits from its position in a dense retail corridor, adjacent to a Walmart Supercenter and near other national retailers such as Target and Menards. Furthermore, its proximity to Winona Health, a large hospital and medical campus, and two universities (Winona State University and Saint Mary's University) ensures a high-traffic area with a strong customer base. This is a rare opportunity to acquire a stable, high-performing retail investment with a blue-chip tenant in a desirable location. The lease expires December 1, 2029.