1017 1st St S - Restaurant FOR SALE
Willmar, MN 56201 |
$1,485,931 USD
612-605-8183
1017 1st St S
Willmar, MN 56201
HIGHLIGHTS
- Long-Term Lease Remaining – The tenant signed a 15-year lease in 2020, leaving over 10 years of remaining term, providing long-term income stability.
- Passive Investment – The tenant is responsible for taxes, insurance, and all maintenance, with the exception of roof and structural repairs.
- Premium Annual Increases – This lease offers immediate value for investors with 3% annual rent increases.
- Top-Performing Location – According to Placer.ai, this store ranks in the top 8% of Jimmy John’s locations nationwide and top 6% in the state.
- Strong Market Fundamentals – Willmar is the economic, medical, and retail center of West Central Minnesota.
- Booming Midwest Economy – Minnesota’s 5.7 million residents support one of the most diverse and resilient economies in the Midwest.
FOR SALE DETAILS
PRICE
$1,485,931 USD
PRICE/SF
$774 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
JIMMY JOHN'S
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
Commercial
APN/PARCEL ID
95-252-0080
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612-605-8183
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612-605-8183
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