Oak Place 603-625 Oak St
17,912 SF 93% Leased Retail Building Brainerd, MN 56401 $2,300,000 ($128.41/SF) 7.04% Cap Rate
INVESTMENT HIGHLIGHTS
- 90% Occupancy!
- Thriving Strip Center!
- Prime Stoplight Corner!
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity with this prime strip center, located at a high-visibility, stoplight-controlled intersection in Brainerd. Oak Place is a well-maintained, multi-tenant building boasting 90% occupancy, offering immediate income potential. Tenants enjoy excellent access and high traffic flow, with the added benefit of being within walking distance of downtown businesses, restaurants, parks, and more. This is your chance to acquire a highly sought-after property in a bustling area, ensuring a solid return on investment while becoming part of Brainerd’s vibrant community!
Building Size: 17,912 SF Total; Ste 603: 2,006 SF (Legal Aid Service of NE MN); Ste 607: 1,500 SF (Hoffman Weber Construction); Ste 609: 2,233 SF (Panda Massage); Ste 611: 1,658 SF (Rising Hope Counseling); Ste 613: 1,242 SF (AVAILABLE); Ste 615: 2,214 SF (We Are Clinic); Ste 617: 4,140 SF (Core Professional Services); Ste 625: 2,580 SF (Slice on Oak); Utility: 339 SF
Building Size: 17,912 SF Total; Ste 603: 2,006 SF (Legal Aid Service of NE MN); Ste 607: 1,500 SF (Hoffman Weber Construction); Ste 609: 2,233 SF (Panda Massage); Ste 611: 1,658 SF (Rising Hope Counseling); Ste 613: 1,242 SF (AVAILABLE); Ste 615: 2,214 SF (We Are Clinic); Ste 617: 4,140 SF (Core Professional Services); Ste 625: 2,580 SF (Slice on Oak); Utility: 339 SF
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,912 SF
Building Class
B
Year Built
1950
Price
$2,300,000
Price Per SF
$128.41
Cap Rate
7.04%
NOI
$161,850
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
TC - Town Center
Parking
56 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 613 | 1,242 SF | Office | - | Now |
613
| Size |
| 1,242 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $793,500 | |
| Land Assessment | $221,900 | Total Assessment | $1,015,400 |
