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Super Center Place 1906 8th St NW 20,140 SF 100% Leased Retail Building Austin, MN 55912 $3,200,000 ($158.89/SF) 6.73% Cap Rate
Investment Highlights
- Anchored by Hormel Foods, a major regional employer generating strong daily traffic
- Stable multi-tenant investment opportunity offering long-term income potential and strong market positioning
- Located within Austin’s primary retail corridor near Walmart, Hobby Lobby, Aldi, and other national retailers
Executive Summary
Austin Supercenter is a 20,140 SF multi-tenant retail center located in Austin, Minnesota. The property is anchored by Hormel Foods, a major employer in the area, with this location serving as a key resource for Hormel employees—driving consistent, daily traffic to the center.
The shopping center is strategically positioned near strong national retailers including Walmart, Hobby Lobby, Aldi, and numerous other national brands, further enhancing visibility and customer draw.
With its combination of a stable anchor tenant, proximity to major employers, and placement within a proven retail corridor, Austin Supercenter offers buyers a compelling opportunity for long-term income and stability.
The shopping center is strategically positioned near strong national retailers including Walmart, Hobby Lobby, Aldi, and numerous other national brands, further enhancing visibility and customer draw.
With its combination of a stable anchor tenant, proximity to major employers, and placement within a proven retail corridor, Austin Supercenter offers buyers a compelling opportunity for long-term income and stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
20,140 SF
Building Class
C
Year Built
2007
Price
$3,200,000
Price Per SF
$158.89
Cap Rate
6.73%
NOI
$215,232
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.60 AC
Zoning
C - Commercial
Parking
79 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
255’ on 21st Avenue Northwest
Amenities
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Information
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-111-0020 | Improvements Assessment | $1,609,600 |
| Land Assessment | $325,000 | Total Assessment | $1,934,600 |
Property Taxes
Parcel Number
34-111-0020
Land Assessment
$325,000
Improvements Assessment
$1,609,600
Total Assessment
$1,934,600
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Contact the Sale Advisor
Super Center Place | 1906 8th St NW