仅可通过预约看房。投资亮点:约130,395平方英尺的由ACE硬件控股的区域零售中心 四个国家租户包括Anytime Fitness、Sherwin Williams、Weight Watchers和ACE 通过以市场价格租赁总可出租面积约42.68%可获得增值,有发展地块外面积的扩大机会 投资概述:Westview Center是一个约130,395平方英尺的区域零售中心,位于1355和1399 South Frontage Road,Hastings,邮编MN 55033。几个国家的租户和现有的入住占用了57.32%,通过租赁空置房,同时通过就地收入获得了强大的现金流,提供了一个独特的增值机会。购买者可以通过最少的升级和维护项目来改善房产,进一步建立价值并使得房屋对租赁更有吸引力。 Westview中心包括三个地块,总计约11.18 AC,包含26个零售店,总计约130395平方英尺。该属性占用率为约57.32%,具有ACE硬件作为2个锚中的1个,占用约14980平方英尺。ACE Hardware签署了一份10年期交易,从2016年6约开始,到2026年6月,并有2个五年期续约的选择机会。第二个锚点是Sterling Drug和Dollar Stores,占用了33638平方英尺,并为房东提供CAM、税务和保险报销。中心的大多数租户受到长期NN租约的约束,向房东报销税、CAM和保险。其他租户包括:Sherwin-Williams、Anytime Fitness、Weight Watchers、Power Within Chiropractic、Driver and Vehicle Services、Two Rivers Dialysis以及DayBreak Ebenezer。
Property tours are available by appointment ONLY. Please contact Mark Robinson, CCIM to schedule at mrobinson@midamericagrp.com or 952.563.6664. Investment Highlights: ±130,395 SF regional retail center anchored by ACE Hardware Four national tenants include Anytime Fitness, Sherwin Williams, Weight Watchers and ACE Value-add opportunity through lease-up of the available ±42.68% of GLA at market rates Expansion opportunity to develop outparcel site Investment Overview: Westview Center is a ±130,395 SF regional retail center located at 1355 & 1399 South Frontage Road, Hastings, MN 55033. Occupied by several national tenants and current occupancy at ±57.32%, the offering represents a unique value add opportunity through lease up of vacancies while accessing strong cash flow via in-place income. A purchaser can improve the property with minimal upgrades and maintenance items, further building value and making the property more attractive for leasing. Westview Center encompasses three parcels totaling ±11.18 AC and contains 26 retail units totaling ±130,395 SF. The Property is ±57.32% occupied and has a ACE Hardware as 1 of 2 anchors occupying ±14,980 SF. ACE Hardware signed a 10-year deal commencing 6/2016, expiring 6/2026, and with 2 five year renewal options. The second anchor is Sterling Drug and Dollar Stores occupying ±33,638 SF and providing landlord reimbursement for CAM, taxes and insurance. Most tenants at the Center are bound by long term NN leases reimbursing the landlord for taxes, CAM and insurance. Other tenants include: Sherwin-Williams, Anytime Fitness, Weight Watchers, Power Within Chiropractic, Driver and Vehicle Services, Two Rivers Dialysis, and DayBreak Ebenezer. The tenant mix at Westview Center is highly diverse and serves as a central HUB for this region. With ±50,079 SF of vacancy, an investor is awarded the opportunity to increase returns and cash flows through lease-up. The existing vacancies at the Center are large and small in size and offer both interior and exterior locations. Many of the vacancies have desirable build outs in place including a built out restaurant (suite 101), built out child care center (suite 220), built out hair salon (suite 230), and built out nail salon (suite 320). In addition, there is an ability to build an additional 50,000 square foot contiguous suite, which would be the largest retail or office availability in the market and the sole option within the market for a user seeking such a size. Westview Center has recently undergone a number of capital projects at the property including a new concrete drive lane for Sterling Drug, new LED lighting & cabinets in the pylons, and numerous concrete repairs. Additionally, the TPO roof installed in 2005 is under warranty through 2025, limiting the capital expenditures of near term replacement for a purchaser. The demographics are also very favorable to the Property’s tenancy with over 86,327 people within a 10-mile radius and average household incomes of over $93,333. With occupancy at ±57.32% and solid in-place income, Westview Center is an extraordinary investment opportunity that will produce long-term cash flow with current tenants and offers value add potential through the lease-up of the vacant space and future development on a ±1.18 AC outparcel site that is currently utilized as excess parking area. This property will be auctioned on Monday, March 27 - Wednesday, March 29 . The price displayed is the starting bid amount of $1,000,000. For information and to register to bid on this property, please visit Ten-X.com.