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19576213
19576212

14230 Dellwood Dr, Baxter, MN 56425

GS
MN MN 40700158, ND ND 8265
Blacktree Inc
Listed by Blacktree Inc
$2,041,920
684 days on market
Updated 136 days ago

Mattress Firm Baxter

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 6,000
Cap Rate 6.25%
Occupancy 100%
Tenancy Single
Brand/Tenant Mattress Firm
Lease Type NN
Lease Term 19
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Pro-Forma Cap Rate 6.25%
Pro-Forma NOI $127,620
Price per SqFt $340
Year Built 2016
Acreage 0.820
Investment Type Net Lease
Lease Commencement 12/15/2016
Ownership Fee Simple

EARLY LEASE RENEWAL - 10 YEAR LEASE

Marketing description

Baxter is a city in Crow Wing County, MM. Baxter is located just north of the geographical center of Minnesota. The city is home to numerous lakes and ponds. Baxter is bordered on the west by Cass County and on the east by Brainerd. Minnesota State Highways 210 and 371 are two of the main routes in the city.

Tourism and various service industries have become Baxter’s biggest employers, and numerous housing subdivisions have been developed in the wooded area west of Minnesota Highway 371, which passes through the town. Baxter is a fast-growing community along the western border of Brainerd that boasts many large retail stores and attracts customers from many surrounding communities. A green space gem shared by the two cities is the 500-acre Northland Arboretum at the trailhead to the Paul Bunyan State Trail. The Paul Bunyan Trail travels more than 75 miles from Baxter to Bemidji with picturesque views of area lakes. Residents and visitors are brought here for its beautiful landscape, walking paths, and skiing.

The communities of Brainerd and Baxter serve as the gateway communities to the Brainerd Lakes Area. Brainerd lakes have world-class golfing, fishing and boating, biking, snowmobiling, kayaking and countless other activities. The area boasts more than 500 lakes and rivers as well as beautiful parks and forest.

Investment highlights

  • Located on high-traffic street
  • Nearby Retailers: Camping World, Target, Michaels, Aldi, Taco Bell

Listing Contacts

GS
MN MN 40700158, ND ND 8265
Blacktree Inc
Listed by Blacktree Inc

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Zoning

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C-2 CommercialRetail CommercialRegional Commercial
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Garett Smith
License
MN 40700158
Brokerage
Blacktree
Brokerage Phone
6128169526
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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