1017 1st St S | Willmar, MN 56201
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- LoopNet Team
1017 1st St S
Willmar, MN 56201
JIMMY JOHN'S · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease Remaining – The tenant signed a 15-year lease in 2020, leaving over 10 years of remaining term, providing long-term income stability.
- Premium Annual Increases – This lease offers immediate value for investors with 3% annual rent increases.
- Strong Market Fundamentals – Willmar is the economic, medical, and retail center of West Central Minnesota.
- Passive Investment – The tenant is responsible for taxes, insurance, and all maintenance, with the exception of roof and structural repairs.
- Top-Performing Location – According to Placer.ai, this store ranks in the top 8% of Jimmy John’s locations nationwide and top 6% in the state.
- Booming Midwest Economy – Minnesota’s 5.7 million residents support one of the most diverse and resilient economies in the Midwest.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,920 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Zoning
Commercial - Commercial
Parking
29 Spaces (15.1 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 95-252-0080 | Improvements Assessment | $227,188 |
| Land Assessment | $400,782 | Total Assessment | $627,969 |
PROPERTY TAXES
Parcel Number
95-252-0080
Land Assessment
$400,782
Improvements Assessment
$227,188
Total Assessment
$627,969
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