img
img
img
img

INVESTMENT OFFERING

SAB Capital is pleased to present the Austin Retail Center, a 6-unit strip center in Austin, Minnesota. The site is occupied by a mix of national, regional, and local tenants, with Pizza Hut serving as the most recognizable tenant in the center. All tenants are on double net lease terms, where the landlord is only responsible for the roof and structure of the site. The center serves as an outparcel to a Walmart Supercenter, creating a significant increase in traffic volume. The center is in a dense retail market, with several nationally recognized tenants occupying properties nearby and over 850,000 square feet of existing retail space within one mile.

  • 6-Suite Retail Center in Austin, MN | Approximately 85 Miles South of Minneapolis
  • Subject Features a Nationally Recognized Brand in Pizza Hut | Added Draw to the Center
  • Modified Triple Net Lease Terms | Landlord is Only Responsible For Roof and Structure of the Property
  • Subject Serves as an Outparcel to a Walmart Supercenter | Increased Traffic Flow
  • Very Dense Trade Area | Over 850K Square Feet of Retail Space Within a Half-Mile of the Subject Property
  • 1 Mile from the 1.3 Million Square Foot Hormel Foods Plant (1,800 Employees) | Largest of Hormel Foods Manufacturing Locations
  • National Retailers Nearby the Subject Include: Qdoba, Arby’s, ALDI, Dollar Tree, Applebee’s, O’Reilly’s Auto Parts, Marshalls, Jimmy Johns, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Austin Retail Center $2,710,000 % Closed

Jenna Lustbader

SENIOR ASSOCIATE | INVESTMENT SALES
Download OM

JOIN OUR MAILING LIST

JOIN OUR MAILING LIST

Subscribe