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Winona Retail Center | NNN Retail Investment 1035 Frontenac Dr 6,599 SF 100% Leased Retail Building Winona, MN 55987 $2,488,230 CAD ($377.06 CAD/SF) 7.80% Cap Rate
Investment Highlights
- Fully Lease Retail Investment
- National Tenant Presence
- Drive-Thru Capability
- NNN Lease Structure
- Strong Visibility & Access
- Built-In Rent Increases
Executive Summary
This fully leased retail property presents a solid investment opportunity in one of Winona’s main retail corridors. Located within the Menards and Walmart Supercenter development along Frontenac Drive, the property benefits from strong visibility, consistent traffic, and surrounding national retailers including Walmart, Menards, and Target. The building was constructed for efficient retail or restaurant use, with potential for a drive-thru, and is well positioned within the development with ample parking and easy access. The property is fully leased under a Triple Net (NNN) structure, offering a passive investment with minimal landlord responsibilities and predictable cash flow. Built-in rent increases provide additional income growth over the term of the current leases. Winona draws from a broad regional base, supported by local colleges, healthcare, and a diverse employment mix, which helps drive steady traffic to the area. Overall, this is a straightforward, well-located asset with strong fundamentals and long-term stability.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,599 SF
Building Class
B
Year Built
2012
Price
$2,488,230 CAD
Price Per SF
$377.06 CAD
Cap Rate
7.80%
NOI
$194,082 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.65 AC
Zoning
Commercial
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32.423.0040 | Improvements Assessment | $1,421,470 CAD |
| Land Assessment | $626,205 CAD | Total Assessment | $2,047,675 CAD |
Property Taxes
Parcel Number
32.423.0040
Land Assessment
$626,205 CAD
Improvements Assessment
$1,421,470 CAD
Total Assessment
$2,047,675 CAD
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Winona Retail Center | NNN Retail Investment | 1035 Frontenac Dr
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