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1035 Frontenac Dr
Winona, MN 55987
Winona Retail Center | NNN Retail Investment · Retail Property For Sale
Investment Highlights
- Fully Lease Retail Investment
- National Tenant Presence
- Drive-Thru Capability
- NNN Lease Structure
- Strong Visibility & Access
- Built-In Rent Increases
Executive Summary
This fully leased retail property presents a solid investment opportunity in one of Winona’s main retail corridors. Located within the Menards and Walmart Supercenter development along Frontenac Drive, the property benefits from strong visibility, consistent traffic, and surrounding national retailers including Walmart, Menards, and Target. The building was constructed for efficient retail or restaurant use, with potential for a drive-thru, and is well positioned within the development with ample parking and easy access. The property is fully leased under a Triple Net (NNN) structure, offering a passive investment with minimal landlord responsibilities and predictable cash flow. Built-in rent increases provide additional income growth over the term of the current leases. Winona draws from a broad regional base, supported by local colleges, healthcare, and a diverse employment mix, which helps drive steady traffic to the area. Overall, this is a straightforward, well-located asset with strong fundamentals and long-term stability.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,599 SF
Building Class
B
Year Built
2012
Price
$1,800,000
Price Per SF
$272.77
Cap Rate
7.80%
NOI
$140,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.65 AC
Zoning
Commercial
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 32.423.0040 | Improvements Assessment | $1,028,300 |
| Land Assessment | $453,000 | Total Assessment | $1,481,300 |
Property Taxes
Parcel Number
32.423.0040
Land Assessment
$453,000
Improvements Assessment
$1,028,300
Total Assessment
$1,481,300
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