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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.

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
  • Information
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Information - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100

Nearby Major Retailers

Applebee's
Perkins
CrossFit
Caribou Coffee
Hy-Vee
Scooter's Coffee
Old National Bank

Property Taxes

Property Taxes

Parcel Number
34-111-0020
Land Assessment
$325,000
Improvements Assessment
$1,609,600
Total Assessment
$1,934,600
  • Listing ID: 40834431

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 1906 8th St NW, Austin, MN 55912

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