1700 17TH ST NW Austin MN 55912-6355

Grocery Anchored Center (Aldi)

1.42 acre out lot available for sale or Lease

Great visibility from US-218

High traffic area that sees about 6,700 VPD

Austin Town Center is a retail community center anchored by national tenants ALDI, Dollar Tree and Jo-Ann Fabric & Crafts. The Property is located on MN Highway 218 directly off Interstate 90 with premiere visibility and access to both.

The property is currently 64% occupied by ten tenants and is made up of three buildings on approximately 14 acres. Included in the offering are two (2) pad ready sites that, when developed, could provide up to an additional 11,000 square feet in net rentable area.

GROCERY ANCHORED
ALDI is a Germany-based global discount supermarket chain with over 10,000 stores in 18 countries and 1,295 stores in the United States with an estimated $13 billion in U.S. sales.

VALUE-ADD
Lease-Up Opportunity
The Property, at 64% occupancy, provides an investor the opportunity to add value by leasing the existing vacancy.

Development Opportunity
The future owner has the opportunity to add 11,000 square feet to the gross leasable area by developing two pad ready sites, one of which was designed for a fast food operator and has a drive thru lane. The other is intended for multi-tenant retail, but can be single tenant as well.

FORTUNE 500 COMPANY HEADQUARTERS
Hormel, an American foods company that sells food under brands such as Spam, Muscle Milk, Jennie-O and Wholly Guacamole, is a Fortune 500 company employing 2,700 people in the city of Austin.

NATIONALLY RECOGNIZED TENANT LINE-UP
The Property’s premiere location directly off Interstate 90 has attributed to the tenant mix laden with nationally recognizable brands, including ALDI, Jo-Ann, Dollar Tree, Edward Jones, Great Clips, Verizon and Sally Beauty.

PREMIERE HIGHWAY VISIBILITY AND ACCESS
Positioned on MN Highway 218 directly off Interstate 90, the Property enjoys easy access to both and arguably the best freeway visibility of all of the retail properties in Austin.

BELOW REPLACEMENT COST
Austin Town Center will trade far below what it would cost to replicate in today’s high cost construction environment.