400 5th St W
Northfield, MN 55057
Westside Plaza · Retail Property For Sale

Marcus & Millichap is pleased to offer for sale, Westside Plaza located in Northfield, Minnesota. The center consists of three retail bays across 5,387 square feet. Westside Plaza is highly visible from both Highways 3 and 19 which collectively carry nearly 35,000 vehicles per day. The center benefits from its close proximity to other major traffic drivers including Walgreens, Kwik Trip, and Taco Bell. Additionally, both Saint Olaf College and Carleton College sit less than one mile away. Westside Plaza is currently collecting rent on 100% of the space. Caribou Coffee has occupied their space for 13 years and Verizon (Wireless World) has occupied their space for eight years. Both tenants recently executed early lease renewals, bringing their respective lease terms to seven and eight years remaining. Cherry Berry is currently dark, but paying rent through their remaining lease term. The building had a new roof put on in 2016, minimizing a new owner’s exposure to capital expenditures in the near term. Northfield is a community situated 20 miles south of the Twin Cities metro area. It is home to a both Carleton and Saint Olaf Colleges, together enrolling approximately 5,000 undergraduate students. The city has experienced consistent growth over the past 50 year, averaging 18% per decade. Today Northfield carries a population of more than 20,000 residents.