Retail Property For Sale - Best Buy

NWC of Highway 15 and SE Edmonton Ave., Hutchinson, MN, Hutchinson, MN, 55350

 

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Browse More Listings in Retail For Sale, Hutchinson, MN or Minnesota

Best Buy

NWC of Highway 15 and SE Edmonton Ave., Hutchinson, MN, Hutchinson, MN 55350

Best Buy at County Marketplace, Hutchinson, MN
  • $2,930,000
  • 25,343 SF
  • $115.61
  • Retail
  • Anchor
  • Net Lease Investment with 10+ years left on lease
  • 8.80%
  • 100%
  • Single
  • 2008
  • 2.13 AC
  • 090006666
  • 5 / 1,000 SF
  • Find Out More...
Last Verified  11/5/2009 Listing ID  16290240

Description

Opened in July 2009, Best Buy' s Hutchinson, MN store consists of 25,000 square feet, located in the County Fair Marketplace Shopping Center, co-anchored by Target.

Net leased to Best Buy, the world' s most successful and largest electronics retailer.

Store to open July of 2009, with a new ten year lease-term.

Best Buy County Fair Marketplace is co-anchored with Target and other local and nationally established retailers.

Hutchinson is located in McLeod County, just one hour west of the Minneapolis metro area. The McLeod County trade area has a resident population of more than 37,000 and includes the cities of Hutchinson, Glencoe, Silverlake, Winstead, Lester Prairie, Biscay, Plato, Stewart, and Brownton. McLeod County is projecting a population increase of more than 5,000 residents by 2020. The 25 mile radius trade area also includes portions of Meeker and Wright Counties as well, with total population in excess of 100,000.

Manufacturing, retail trade, city and county government and service industries account for 70% of the county employment. Major employers include 3M, Hutchinson Technology, Hutchinson Health Care, Walmart, Target, Best Buy, and the Hutchinson area school district.

Financial Summary

Major Tenant Information

  • Actual
  • $257,500

Map of NWC of Highway 15 and SE Edmonton Ave., Hutchinson, MN, Hutchinson, MN 55350 (McLeod County)

Contact Listing Broker to find out more details.

Presented by

CB Richard Ellis

Request additional information

Contact Listing Broker
Stephen Lysen (952) 924-4620
James Leary (952) 924-4601
Track changes to this property
Watch This Property
Share this listing
Send to Friend
Link to This Listing
Embed This on Your Web Site
Share on LinkedIn
Additional Options
Print Listing
View Map
Demographics
Research Price
Get Financing

Advertisement

Created 6/23/2009

Comparable Properties for NWC of Highway 15 and SE Edmonton Ave., Hutchinson, MN, Hutchinson, MN 55350

Search all commercial real estate for sale
Search all commercial real estate for lease

Cityfeet.com – Commercial Real Estate Network BizBuySell LandAndFarm.com LoopNet Partners