140-160 Tyler Rd N
Red Wing, MN 55066

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Red Wing Mall, located at 160 Tyler Rd North in Red Wing, MN. The Red Wing Mall is comprised of 143,841 square feet and sits on a 7.62 acre parcel across from Target in the new retail corridor of Red Wing. This neighborhood shopping center has benefitted from long term historical occupancies, and consists of eight tenants. The Red Wing Cinema is the only movie theatre within thirty miles, has been successfully operated by the landlords, and is leased to December of 2030. Eighty percent of the leases are corporately guaranteed, and many offer long term leases such as Slumberland to 2028 and Aldi Grocery to 2027. Nano Health recently moved its headquarters to this location and is leased to March of 2023. The landlords have recently replaced the roof on the Red Wing Cinema, Slumberland and Maurices. Twenty percent of the leases are gross which leaves upside for an investor to increase the value by converting them to triple net, and by raising the below market rents as the staggered lease terms rollover. Red Wing Mall is strategically located in the main retail corridor of Red Wing, Minnesota with frontage to and easy access from U.S. Route 61 (Main Street), which is often called the Blue Highway because it connects St Paul, St. Louis, Memphis and New Orleans. Other surrounding national retailers include Target, Walmart Supercenter, Walgreens, Econofoods, Starbucks, Arby’s, Culver’s, Anytime Fitness and more. Red Wing is an affluent town of Minneapolis/St. Paul MSA which boasts a population of over 3,551,036 residents. Red Wing is designated in an opportunity zone. This tax benefits is geared towards bringing investment, construction, and ultimately jobs into the local economy.