1303 1st St S
Willmar, MN 56201

Marcus & Millichap is pleased to present the Plaza One North center, a 21,014 square foot retail storefront in Willmar, Minnesota. The subject property lies on a busy intersection in Willmar with each street carrying between 10,000 and 15,000 vehicles going by every day. The property is also situated in a robust commercial part of the town and enjoys a location between Walgreens and the Kandi Mall. The Kandi Mall, which is just adjacent to the subject property, is anchored by Sears, JC-Penney, Jo-Ann Fabrics, and Dunham Sports. Other notable nearby buildings include Aldi, the Skylark Shopping Center, and the Willmar Middle School, all of which generate significant traffic each day. The subject property is 100 percent occupied with a majority of the leases having expirations after 2020. The property includes notable national chains Erbert’s & Gerberts and Taco Johns, as well as Gillette Children’s. The center is anchored by Dr. Jon Haefner, with two five-year options left their lease. With seven out of the eight tenants having triple net leases, this property requires little oversight by the owner. Willmar is located 95 miles west of the Minneapolis/St. Paul area. With just over 19,500 residents living in Willmar, the town offers many amenities while still being able to attract those that are looking for small town living. Willmar is also home to Ridgewater College. This community and technical college enrolls over 5,500 students combined with its sister school in nearby Hutchinson, Minnesota. Willmar’s economy is supported by growing agricultural, medical, and technology sectors.