INVESTMENT HIGHLIGHTS
HIGH IN-PLACE RETURNS
At 9.1% the cash on cash return will be over 15%, given current debt availability.
FAR BELOW REPLACEMENT COST
At $87 per square foot, the property is listed at a price less than half of replacement cost. This effectively means no new competition in the surrounding area and the ability to keep low rents for local tenants.
AMPLE PARKING
The property has parking surrounding the property, offering convenience to customers.
CARRIS HEALTH ANCHOR
Carris Health occupies about half of the property and is an important component to the hospital operations. The main hospital is located in downtown Willmar.
WILLMAR REGIONAL HUB
The City of Willmar attracts residents from all surrounding cities, as it has many of the major retail brands, large hospital, Ridgewater College and one of the largest populations in Southwestern Minnesota.
- Property Type
Retail, Office
- Year Built
1965
- Total Acres
1.46
- Zoning
Commercial
- Property ID
359847
