This listing is for the business only. Included in the sale are all the tenant improvements to the leased space. The buyer of the business has the option to extend the lease.
Attention Entrepreneurs! This property will suffix for small business owners getting started or relocating to the area. Currently occupied by Pathways Wellness prior to that it was a real estate company. It has great street exposure just off of Madison Avenue. Built in 1928 with 1766 sq ft of usable space! Main floor offers character with original wood work and hardwood floors. Open front reception area. Kitchen & bathroom plus 3 more office/rooms and full bathroom plus lots of storage. Main floor is commercial only. Walk-up vaulted attic is completely finished. Baseboard heat and window AC. There are numerous options for the property. I.e. Insurance, financial, boutique etc. Greater old town location with high through traffic. Buyer to verify with the city of Mankato for rental options.
Second Largest Telecommunication Provider with Over $74 Billion in Revenue AT&T Mobility is a subsidiary of AT&T Inc., providing wireless services to over 121 million subscribers in the U.S. and is the second largest wireless telecommunication provider in the U.S. and Puerto Rico. New 10 Year Lease with 10% Rental Increases The subject property has a new 10 year term, with increases every 5 years throughout the primary term and options periods. Excellent Regional Trade Area The site is positioned in the heart of the established Mankato trade area and directly south of the regional River Hills Mall. Additional national retailers such as Walmart, Sam' s Club, Hobby Lobby, Lowes, Kohls, McDonalds, and countless others, are located in the immediate surrounding area. Daily Traffic Generating Anchors The property is an outparcel to Shopko and Cub Foods, two of the area' s dominant retailers, which will draw consistent traffic to the site.
Located one block south of River Hills Mall, this fully leased strip center has a strong tenant mix. There is ample parking, high traffic counts and excellent visibility from Sioux Road and Adams Street. This is a great investment property in a desirable location!