850 Menard Rd
Winona, MN 55987

Marcus & Millichap is pleased present this two-tenant investment opportunity in college town of Winona, Minnesota, which is home to Winona State University, and approximately 120 miles southeast of Minneapolis. Tenants include Maurices and MGM Wine & Spirits, who both demonstrated commitment to this location by exercising their renewal options early. Both tenants are operating under net leases, fully reimbursing for real estate taxes, common area maintenance, and insurance. Both leases have a corporate guaranty. Maurices is a woman' s fashion retailer with over 990 locations, and is also a subsidiary of Ascena Retail Group. MGM Wine & Spirits is a regional liquor store concept. The average lease term remaining exceeds three and a half years. This asset is located on Menard Street, which is in the heart of a 550,000-square foot shopping center anchored by Menard' s, Target, Walmart, and Mill' s Fleet Farm. Directly adjacent to this shopping center is Winona Health Hospital' s main campus, which features a 99-bed hospital and a 125-bed nursing home. In close proximity to this asset are three colleges, which have a combined enrollment of more than 14,000 undergraduate students. Additional tenants in the vicinity include: Wells Fargo, Walgreens, Verizon, McDonald' s, O' Reilly Auto Parts, Perkins Restaurant and more.