895 Madison Ave
Mankato, MN 56001

$2,991,000 USD

Freestanding For Sale • 2,020 SF

Property Details

Property Type Freestanding
Total Building Size 2,020 SF
Lot Size 0.17 AC
Building Class B
Year Built 2024
Tenancy Single

0 Transit Score

67 Walk Score

                
                    Highlights
                
                                The property is a newly constructed (2024) Starbucks with Drive-Thru. The fresh 10 year lease has rent increases every five years.
                            
                                The property is located on a signalized intersection of Madison Avenue the premiere retail corridor in Mankato, MN. 
                            
                                The site is adjacent to a newly opened $155 million hospital expansion from Mayo Clinic Health System.
                            
                                The Madison Avenue retail corridor features numerous national retailers including CVS, Aldi, Walmart, Cub Foods, Sams Club, T.J. Maxx and many more.
                            
                                College Town – Mankato is home to Minnesota State University which has enrollment of over 14,000 students.
                            
                                Starbucks has an S&P Investment Grade Credit rating of “BBB+” and is ranked #116 on the Fortune 500 List with an Annual Revenue over $36 Billion.