1890 Adams Street - 1890 Adams Street, Mankato, MN 56001

• RECENT CONSTRUCTION AND EARLY EXTENSION – PetSmart was built recently in 2018 and is currently operating on a fee simple double-net (NN) lease in which the landlord has limited responsibility. In 2022, they extended their lease early and currently have over nine (9+) years of term remaining with a rental increase of $1.00/SF in 2028.. • PRIME LOCATION – PetSmart currently sits as an outparcel to the River Hills Mall located just off the intersection of U.S. Highway 14 and State Highway 22, two major thoroughfares in the active retail corridor boasting a combined 59,100 VPD. Mankato, the principal city in the Mankato-North Mankato MSA, is approximately an hour southwest of Minneapolis.. • STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – Adjacent properties such as Hy-Vee, T.J. Maxx, and Menards all rank above the 90th percentile of their respective chains within the United States demonstrating the strength of this retail corridor. The Hy-Vee is in the top 99th percentile of their chain in the country while the T.J. Maxx in the 92nd percentile of their chain within Minnesota, cementing them as the top performing retail locations (Placer.ai).. • BUSTLING RETAIL CORRIDOR – In addition to the surrounding retailers at the Target-anchored River Hills Mall, PetSmart is surrounded by a host of nearby, national retailers such as: Walmart Supercenter, The Home Depot, Sam’s Club, Hy-Vee, Cub, Wells Fargo, Menards, Best Buy, Office Depot, Kohls, Fleet Farm, Hobby Lobby, T.J. Maxx, Michaels, Harbor Freight Tools, Planet Fitness, Petco, Five Below, Dollar Tree, Mattress Firm, Red Lobster, Buffalo Wild Wings, Applebee’s, Starbucks, Panera Bread, Panda Express, Five Guys, and Arby’s demonstrating the strength of the retail corridor.. • HIGH GROWTH AREA – The surrounding area within 1, 3, and 5 miles of the property has seen substantial growth since 2010. The one (1) mile surrounding area specifically has experienced immense growth of over 35% in the population size and 49% in the number of households. Both the population and number of households are projected to continue growing through 2027.. • NEARBY LOCAL UNIVERSITIES – PetSmart is about five (5) miles from approximately 17,800 students spanning multiple colleges and universities including, Minnesota State University, Rasmussen University, Bethany Lutheran College and South-Central College.