920 E Highway 61
Winona, MN 55987
Mills Fleet Farm: Winona, MN · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to offer a 152,964 -square-foot freestanding Mills Fleet Farm situated on 19.84 acres in Winona, Minnesota (MSA Population: 51,461). A popular ice-fishing destination, Winona, MN, which is 30 miles north of La Crosse, WI, and 115 miles south of Minneapolis, MN, is a sportsman' s paradise that attracts outdoorsmen from all over the region. This offering also includes outparcels occupied by a 2,877-square-foot freestanding gas station with 7 pump islands and a 2,866-square-foot, 2-lane car wash, both of which are owned and operated by Mills Fleet Farm. This location has a proven track record of success, with 2016 4-wall EBITDAR coverage of 4.2x and a rent to sale ratio of just 3.0%. The property is situated with excellent access and visibility on US Highway 61 (Traffic Count: 19,000 VPD), which is the main thoroughfare connecting Winona with both Lacrosse, WI and Minneapolis-St. Paul. The site also benefits from its position within the area' s primary retail corridor also anchored by Walmart Supercenter, Target and Menard' s, featuring approximately 1.2 MSF of retail space within a 3-mile radius. Other major retailers within the immediate corridor include Walgreens, Hibbett Sports, Maurices, Verizon and O' Reilly Auto Parts, among many others. The property is also less than 0.3 miles from the 224-bed Winona Health Hospital and less than 0.7 miles from the Winona campus of Minnesota State College - Southeast (Enrollment: 2,779), which provide a substantial built-in customer base.