Super Center Square | New Ulm, MN

Need descriptionStable Retail Center With Upside - Located in the main retail area in New Ulm, this multi-tenant retail property is home to a mix of local and national tenants, most of which are long-term, and well-established. Half of the tenants have been tenants at the property since it was originally built in 2007 and 8 of the 11 tenants have renewed their lease in the past year and a half. There is just one small, vacant unit providing value-added potential. For one year after the property is sold, the seller is providing a master lease for the vacant space at $12 PSF. There is limited local competition, which makes this a strong center to carry high-credit tenants at replaceable rental amounts. Strategic Retail Location - Excellent location along Highway 14 where it receives high visibility and daily traffic counts. The property is in the main retail corridor, shadow-anchored by Walmart and Menards, and is surrounded by several other retailers including Runnings, Aldi, O'Reilly's, and many others. Solid Market - New Ulm is the county seat of Brown County and is the largest town in a 30-mile radius, with a population of 14,000+. The next largest town in the area, Mankato, is 30 miles away making New Ulm the retail hub for the surrounding smaller towns and farming communities. The New Ulm market has no retail buildings currently under construction.