- For Sale $3,150,000
- Property Type Retail
- Property Size 7,480 SF
- Lot Size 1.18 Acre
- Cap Rate % 6.17
- Zoning B-3; Highway Business District
- # of Floors 1
- Parking Spaces Avail. 47
- Parking Ratio 6.28 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1996
- Date Updated Apr 29, 2024
Transwestern Midwest Capital Markets is pleased to present investors with the opportunity to acquire the 100% fee simple interest in 1920 Adams Street - a HyVee shadow anchored retail pad 100% occupied by Jersey Mikes, Five Guys and Noodles and Co.
Situated at the southwest corner of Adams and Haefner, the asset sits directly in the ingress/egress point for all HyVee shoppers. The 7,480 square foot retail center boasts a weighted average lease term of 5.92 years after recently extending Jersey Mikes for an additional 10 years and adding a brand new Noodles and Co. end cap and pick up window in 2022. With an internet-resistant tenant roster, 1920 Adams affords investors the ability to purchase a low-risk, hands-off, net-leased asset with built in rental increases.
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Contacts
Erik Coglianese
Transwestern
(612) 359-1611
Andrew Watson
Transwestern
(312) 881-7065
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (55) -
Bike Score ®
Bikeable (64)
- City Mankato, MN
- Zip Code 56001
- Market Minneapolis St Paul
Points of Interest
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Holiday
0.05 miles
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Holiday
0.44 miles
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Mills Fleet Farm Gas Station
0.73 miles
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Kwik Trip
1.23 miles
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Happy Dan's Gas Station
1.58 miles
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Casey's General Store
2.10 miles
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Casey's General Store
2.68 miles
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Kwik Trip
2.73 miles
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Cenex
2.99 miles
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Hy-Vee Gas
3.10 miles
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Biolife Plasma Services
0.65 miles
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Sakatah Singing Hills State Trail
2.08 miles
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Civic Center Ramp
2.81 miles
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Lot 23 "Free Lot"
2.82 miles
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Lot 19
2.82 miles
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Lot 22
2.86 miles
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Lot 16
2.90 miles
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Lot 21
2.90 miles
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Lot M
2.90 miles
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Cherry Street Parking Ramp
2.93 miles
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McDonald's
0.03 miles
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Applebee's
0.04 miles
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Dairy Queen
0.07 miles
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Olive Garden
0.14 miles
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Bakers Square
0.31 miles
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Culver's
0.37 miles
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Panda Express
0.49 miles
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Perkins
0.52 miles
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Erbert & Gerbert's
0.59 miles
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Slim Chickens
0.64 miles
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Hy-Vee
0.14 miles
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Target
0.27 miles
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River Hills Mall
0.35 miles
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JCPenney
0.35 miles
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Cub Foods
0.43 miles
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Walmart
0.47 miles
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APX Construction Group
0.50 miles
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Kohl's
0.67 miles
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ALDI
0.81 miles
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Madison East Center
1.23 miles
