895 Madison Ave - Freestanding FOR SALE
Mankato, MN 56001 |
895 Madison Ave
Mankato, MN 56001
HIGHLIGHTS
- The property is a newly constructed (2024) Starbucks with Drive-Thru. The fresh 10 year lease has rent increases every five years.
- The property is located on a signalized intersection of Madison Avenue the premiere retail corridor in Mankato, MN.
- The site is adjacent to a newly opened $155 million hospital expansion from Mayo Clinic Health System.
- The Madison Avenue retail corridor features numerous national retailers including CVS, Aldi, Walmart, Cub Foods, Sams Club, T.J. Maxx and many more.
- College Town – Mankato is home to Minnesota State University which has enrollment of over 14,000 students.
- Starbucks has an S&P Investment Grade Credit rating of “BBB+” and is ranked #116 on the Fortune 500 List with an Annual Revenue over $36 Billion.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Starbucks Mankato
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
2020
STORIES
1
YEAR BUILT
2024
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R01-09-17-126-005
