2020 Adams St, Mankato, MN 56001

Long-Term Tenant –

Office Depot/OfficeMax has operated at this location for many years. The tenant has approximately two (2) years remaining on the current lease term, followed by four (4) five-year renewal options with scheduled rent increases in each option period and limited landlord responsibilities.

Adjacent to Top-Performing Hy-Vee Grocery Anchor –

The property is located next door to a high-performing Hy-Vee grocery store, ranked in the 96th percentile nationwide and the top location in Minnesota according to Placer.ai.

Dominant Retail Corridor –

Strategically positioned within Mankato’s primary retail corridor near the heavily trafficked junction of Highways 14 and 22, the property benefits from exceptional visibility and accessibility. The surrounding trade area includes a strong lineup of national retailers such as Target, Walmart, Sam's Club, Best Buy, and many others.

Established Regional Market –

Located in Mankato, the property benefits from the city’s role as a regional hub for south-central Minnesota and northern Iowa, serving approximately 1.6 million people within a 60-mile radius. Mankato is home to Minnesota State University, Mankato, the second-largest university in the state by enrollment.

Strong Market & Demographics –

The Mankato–North Mankato MSA has a population of just over 100,000 residents with steady historical growth. The population within a 10-mile radius exceeds 75,000, with average household incomes above $90,000. Key employment sectors include manufacturing, education, and healthcare.

Experienced Industry Ownership –

Atlas Holdings — Office Depot’s new private equity owner as of December 2025 — and its affiliates comprise a diversified group of 27 manufacturing and distribution businesses, including many in paper and packaging, bringing sector-specific expertise that aligns with Office Depot’s core product mix.