Listed by ReUrban, LLC
$3,850,000
Waseca - Retail - 10 Cap Assumable Debt - Value ADD with PAD
Details
Property Type Retail, Office
Sub Type Shopping Center, Grocery Store
Units 3
Cap Rate 10.00%
NOI $385,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Rent Bumps Yes
Year Built 1988
Year Renovated 2001
Stories 1
Acreage 7.540
Zoning Retail
Investment Type Value Add
Ground Lease No
Ceiling Height 18
Dock High Doors 2
Sale Condition For sale by owner
Retail / Medical / Grocery / Restaurant - 10 CAP with Assumable Financing
Marketing description
FOR LEASE OR SALE
Retail Redevelopment + Drive Thru PAD + Investment Opportunity + 10 CAP with Assumable Financing
PROPERTY SUMMARY
A highly improved ±35,000 SF (expandable) commercial facility ideal for retail, self-storage conversion, food or beverage processing (no cannabis), cold storage, or distribution. The property includes millions of dollars of existing improvements—hoods, walk-in coolers, food prep buildout, loading docks, and full commercial HVAC—representing a rare turn-key opportunity for users or investors.
Located just off I-35 with immediate access to HWY 14, the site provides exceptional north/south and east/west distribution connectivity. The center is co-anchored by Bomgaars Fleet & Farm and sits within Waseca, the county seat of Waseca County, offering a stable workforce and pro-business environment.
KEY FEATURES & INFRASTRUCTURE
- ±38,000 SF (Suite 1230) expandable footprint
- Hood systems, walk-in coolers/freezers, food-prep areas
- Multiple loading docks + grade loading
- Full HVAC throughout conditioned production areas
- Excellent box condition; minimal deferred maintenance
LOCATION ADVANTAGES
- 1 hour south of Minneapolis on I-35
- Direct access to HWY 14 (east/west freight)
- Strong regional trade area
- County seat with stable infrastructure & labor base
Investment highlights
INVESTMENT HIGHLIGHTS
- 10 cap
- Assumable Debt Available
- 100% Leased with FULL NNN reimbursements
- All tenant spaces in excellent condition
- Value-Add Redevelopment opportunity
- Upside via re-tenanting, expansion, or conversion to storage/industrial
- Strong regional draw from Bomgaars Fleet & Farm
- Call broker for full financials, rent roll, & redevelopment scenarios
Listing Contacts
Listed by ReUrban, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$385,000.00
$32,083.33/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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