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Executive Summary

• Marcus Theatre outlot for sale
• 1.00 acres to 3.00 acres available
• Zoned B-2 General Commercial
• Excellent visibility and access to Division Street
• Strong area demographics and traffic counts

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theater
Building Size
50,115 SF
Building Class
C
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
7.97 AC
Zoning
C-1 - Commercial
Parking
500 Spaces (9.98 Spaces per 1,000 SF Leased)
Frontage
193’ on 15th Ave

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Information
  • 50,115 SF
  • -
  • -

Marcus Theatres operates Movie Tavern, a dine-in cinema brand offering food and beverage service during film screenings. Movie Tavern was acquired by Marcus Theatres in 2018, expanding its footprint into states such as Texas, Georgia, Louisiana, and Pennsylvania. Marcus Theatres is a division of The Marcus Corporation, a publicly traded company founded in 1935 and headquartered in Milwaukee, Wisconsin. The company is the fourth-largest theatre circuit in the U.S., managing over 900 screens across 17 states under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands. Movie Tavern locations feature amenities such as DreamLounger recliners, Dolby Atmos sound, and premium large-format screens.

Tenant Industry SF Occupied Rent/SF Lease End
Information 50,115 SF - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Snap Fitness 24/7
Anytime Fitness
IHOP
Texas Roadhouse
United Rentals-equipment & Tool Rentals
CrossFit
Starbucks

Property Taxes

Property Taxes

Parcel Number
98.60818.0020
Land Assessment
$795,600
Improvements Assessment
$3,704,400
Total Assessment
$4,500,000
  • Listing ID: 21965520

  • Date on Market: 1/13/2021

  • Last Updated:

  • Address: 1533 Frontage Rd N, Waite Park, MN 56387

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