612-382-3388
951-975 E Frontage Rd, Litchfield, MN for Sale
Retail - FOR SALE
1/3
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951-975 E Frontage Rd
Litchfield, MN 55355


HIGHLIGHTS

  • ASSET’S GROCERY ANCHOR CONTROLS THE MARKET
  • VALUE ADD POTENTIAL
  • EXPOSURE TO VARIETY OF CONSUMERS

OVERVIEW

Cushman & Wakefield Retail Investment Advisors present 12 West Marketplace (the Property), an 82,911 square foot grocery anchored center in Litchfield, Minnesota, located within a Qualified Opportunity Zone. The property is 99% occupied with incredible mark-to-market opportunity, as average base rents across the center are only $4.60psf. Sitting on 8.28 acres with phenomenal visibility to Highway 12, the asset is positioned along a primary thoroughfare between the Twin Cities (Minneapolis & Saint Paul), and the vacation communities of central & western Minnesota. The Property’s grocery anchor, Family Fare, is a SpartanNash brand (NASDAQ: SPTN), and one of 147 corporate SpartanNash locations. Besides Walmart, there is not another full-service grocer within 15 miles of the asset. It is a weekly destination not only for those who live in the immediate area, but also those vacationing at lakeside estates near Litchfield, and further west.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

460

LAND DETAILS

LAND ACRES

7.62 AC

LAND SF

332,001 SF

ZONING

B-4

APN/PARCEL ID

27-2455000

ASK ABOUT THIS PROPERTY

Zander FriedCushman & WakefieldMore Info
612-382-3388

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Zander FriedCushman & WakefieldMore Info
612-382-3388

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