140-160 Tyler Rd N - Retail FOR SALE


Red Wing, MN 55066
$13,905,000 USD
507-951-2960
140-160 Tyler Rd N, Red Wing, MN for Sale
$13,905,000 USD
Retail - FOR SALE
1/9
null | 7.35% Cap Rate

140-160 Tyler Rd N
Red Wing, MN 55066


OVERVIEW

Marcus & Millichap is pleased to offer Red Wing Mall for sale, located at 160 Tyler Road in Red Wing, Minnesota. This listing offers the rare opportunity to acquire a regional retail center that offers both great stability and strong upside potential. Red Wing Mall is 100% leased and anchored by strong national brands. Aldi, TJ Maxx, and Five Below which lead a diverse tenant lineup, with roughly 80% of the property’s income coming from national or regional credit tenants. The property is also shadow-anchored by Target and is just blocks from Walmart Supercenter, which adds to the consistent foot traffic and retail activity in the area. The property sits in a prime location between several major markets—including Minneapolis–St. Paul, Rochester, La Crosse, and Eau Claire—making it a key regional shopping destination featuring 1.1 Million visitors in the last 12 months per Placer.ai. The surrounding area has strong demographics with over 107,000 people living within five miles and an average household income exceeding $105,000. There are also multiple ways to achieve upside. Opportunities exist to replace multiple tenants that have rents substantially below market, sell off strip centers individually, or potentially develop new buildings, making this not just a stable asset, but one with room to substantially increase net operating income. Two of the tenants totaling nearly 40% of the center have rents substantially below market, providing a clear path to substantial upside. Inquire with broker for more details. With its credit-grade tenant base, high-traffic location, and multiple value-add paths to growth, the Red Wing Mall stands out as a premium retail investment opportunity for the savvy investor.

FOR SALE DETAILS

PRICE

$13,905,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Wing Mall

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.62 AC

LAND SF

331,927 SF

ZONING

-

APN/PARCEL ID

55.910.0020

ASK ABOUT THIS PROPERTY

Tom GommelsMarcus & MillichapMore Info
507-951-2960

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Tom GommelsMarcus & MillichapMore Info
507-951-2960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.