Walmart Shadow Anchored Retail Value-Add Box 1227 Timberlane Dr 33,272 SF 23% Leased Retail Building Sauk Centre, MN 56378 $1,325,000 ($39.82/SF)
INVESTMENT HIGHLIGHTS
- Retail Box Reposition Opportunity - Regional Draw - Attractively Low Price Per Square Foot – Front Parking Lot Milled & Overlayed
- Walmart Supercenter Shadow-Anchored – Interstate-94 On-Ramp Location (24,114 Cars Per Day)
- Seller Carryback Available – Regional Retail Center – Next to Dollar Tree
- Vacant 26,000+ SF Junior Anchor Box in Great Condition – Positioned for Lease-Up – Seller Financing Available (Low Interest Rate) – Rare Opportunity
- Significant Current Income from Short-Term, Flexible-Leased Tenants Offsets Ownership/Redevelopment Costs
- Tenants include Fastenal (Nasdaq: FAST): $35.82 Billion Market Cap, 3,334 Locations
EXECUTIVE SUMMARY
Exclusively Listed in association with Brian Brockman | MN License No. 40628602
*Seller Financing Available*
We are pleased to present to qualified investors an opportunity to purchase an ideally located junior anchor box redevelopment value-add opportunity that is positioned adjacent to a regional Walmart Supercenter in Sauk Centre (St. Cloud), Minnesota. This is a regional retail destination and rare investment opportunity directly off the Interstate-94/Main St (US Hwy 71) interchange with a combined 33,373 cars per day right next to national brands that signal this location as a best-in-market site for retail. These neighboring tenants include Dollar Tree, McDonald’s, Taco Bell, Caribou Coffee, Dairy Queen, O’Reilly Auto Parts, Ace Hardware, Coborn’s Grocery, AmericInn by Wyndham, and Holiday Stationstores (Circle K).
This 33,272 SF property features a 26,000+ square foot vacant box ready for re-leasing, a new front parking lot just milled and overlayed, as well as three paying tenants on short-term leases that provide an investor with the flexibility to redevelop the entire building as well as sizable current income that offset ownership costs while the property is being repositioned. These tenants include Central Minnesota LifeCare Center, Inc. dba Options for Women, Feldt Financial Services, and Fastenal – a publicly-traded company (Nasdaq: FAST) and a component of the Nasdaq-100 and S&P 500. Additionally, this offering includes a rare seller financing option at an attractively low interest rate (inquire for further details).
Sauk Centre is part of the St. Cloud MSA – the largest population center in the state’s central region and located on I-94 connecting Fargo, ND with the Twin Cities of Minneapolis-Saint Paul. This is a unique opportunity to buy a strategically located retail, value-add investment with huge potential for repositioning via lease-up or redevelopment at an attractively low price per square foot.
*Seller Financing Available*
We are pleased to present to qualified investors an opportunity to purchase an ideally located junior anchor box redevelopment value-add opportunity that is positioned adjacent to a regional Walmart Supercenter in Sauk Centre (St. Cloud), Minnesota. This is a regional retail destination and rare investment opportunity directly off the Interstate-94/Main St (US Hwy 71) interchange with a combined 33,373 cars per day right next to national brands that signal this location as a best-in-market site for retail. These neighboring tenants include Dollar Tree, McDonald’s, Taco Bell, Caribou Coffee, Dairy Queen, O’Reilly Auto Parts, Ace Hardware, Coborn’s Grocery, AmericInn by Wyndham, and Holiday Stationstores (Circle K).
This 33,272 SF property features a 26,000+ square foot vacant box ready for re-leasing, a new front parking lot just milled and overlayed, as well as three paying tenants on short-term leases that provide an investor with the flexibility to redevelop the entire building as well as sizable current income that offset ownership costs while the property is being repositioned. These tenants include Central Minnesota LifeCare Center, Inc. dba Options for Women, Feldt Financial Services, and Fastenal – a publicly-traded company (Nasdaq: FAST) and a component of the Nasdaq-100 and S&P 500. Additionally, this offering includes a rare seller financing option at an attractively low interest rate (inquire for further details).
Sauk Centre is part of the St. Cloud MSA – the largest population center in the state’s central region and located on I-94 connecting Fargo, ND with the Twin Cities of Minneapolis-Saint Paul. This is a unique opportunity to buy a strategically located retail, value-add investment with huge potential for repositioning via lease-up or redevelopment at an attractively low price per square foot.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
33,272 SF
Building Class
B
Year Built
1998
Price
$1,325,000
Price Per SF
$39.82
Percent Leased
23%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.95 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Wholesaler
- 5,000 SF
- $7.20
- Full Service
- Mar 2026
Fastenal is different things to different customers: a local relationship, a logistics company, a consultant, a technology solutions provider, and more generally, a distributor of wide-ranging industrial and construction products. These aspects of their service share a common foundation: great people, close to their customers, backed by world-class resources. As their capabilities continue to expand and evolve, this is what sets them apart in terms of service, growth, and value. ‘Great people’ speaks to their organizational commitment to bring out and fully utilize the creativity of every team member. They pursue this by prioritizing employee training, by rewarding success and promoting from within, and by maintaining a decentralized culture where ideas and innovation flow in all directions, not just from the top down.
- Feldt Financial Services
- Finance and Insurance
- 204 SF
- $11.76
- Modified Gross
- Jul 2024
- Options For Women
- Services
- 2,000 SF
- $6.00
- Modified Gross
- Jul 2024
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Wholesaler | 5,000 SF | $7.20 | Full Service | Mar 2026 | |
| Feldt Financial Services | Finance and Insurance | 204 SF | $11.76 | Modified Gross | Jul 2024 | |
| Options For Women | Services | 2,000 SF | $6.00 | Modified Gross | Jul 2024 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Excellent visibility for branding and access Pylon signage Dual recessed loading docks
| Space | Size | Space Use | Position | Available |
| 1st Floor | 21,000-25,000 SF | Retail | End Cap | 30 Days |
1st Floor
| Size |
| 21,000-25,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $398,600 | |
| Land Assessment | $338,000 | Total Assessment | $736,600 |
