1305 1st St S
Willmar, MN 56201
Plaza One · Retail Property For Sale

Marcus & Millichap is pleased to present Plaza One Center, a 29,699 square foot retail storefront in Willmar, Minnesota. The subject property lies on a busy intersection in Willmar with each street carrying between 10,000 and 15,000 vehicles every day. The property is also located in an established commercial sector, enjoying a site between Walgreens and the Kandi Mall. The Kandi Mall, which is just adjacent to the subject property, is anchored by Sears, JC-Penney, Jo-Ann fabrics, and Dunham sports. Other notable nearby buildings include Aldi, the Skylark Shopping Center, and the Willmar Middle School, all of which generate considerable traffic each day. Plaza one is currently 93 percent occupied with seven out of the eighth tenants on net leases. The property’s largest tenant by square footage, Panda Garden, has recently signed a 15 year lease running through 2030 with two five year options, showing their continued commitment to this property. Five out of the eight leases have expirations between 2020 and 2030, and the two out of the other three are pending a lease renewal, indicating a commitment to the property. Willmar is located 95 miles west of the Minneapolis/St. Paul area. With just over 19,500 residents living in Willmar, the town offers many amenities while still being able to attract those that are looking for small town living. Willmar is also home to Ridgewater College. This community and technical college enrolls over 5,500 students combined with its sister school in nearby Hutchinson, Minnesota. Willmar’s economy is supported by growing agricultural, medical, and technology sectors.