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850 Menard Rd
Winona, MN 55987

Price Reduced! Maurices - MGM Wine & Spirits · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.28 AC
Parking
20 Spaces (2 Spaces per 1,000 SF Leased)

About 850 Menard Rd , Winona, MN 55987

Marcus & Millichap is pleased present this two-tenant investment opportunity in college town of Winona, Minnesota, which is home to Winona State University, and approximately 120 miles southeast of Minneapolis. Tenants include Maurices and MGM Wine & Spirits, who both demonstrated commitment to this location by exercising their renewal options early. Both tenants are operating under net leases, fully reimbursing for real estate taxes, common area maintenance, and insurance. Both leases have a corporate guaranty. Maurices is a woman' s fashion retailer with over 990 locations, and is also a subsidiary of Ascena Retail Group. MGM Wine & Spirits is a regional liquor store concept. The average lease term remaining exceeds three and a half years. This asset is located on Menard Street, which is in the heart of a 550,000-square foot shopping center anchored by Menard' s, Target, Walmart, and Mill' s Fleet Farm. Directly adjacent to this shopping center is Winona Health Hospital' s main campus, which features a 99-bed hospital and a 125-bed nursing home. In close proximity to this asset are three colleges, which have a combined enrollment of more than 14,000 undergraduate students. Additional tenants in the vicinity include: Wells Fargo, Walgreens, Verizon, McDonald' s, O' Reilly Auto Parts, Perkins Restaurant and more.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32.423.0090
Land Assessment
$685,688
Improvements Assessment
$2,318,002
Total Assessment
$3,003,691
  • Listing ID: 6726601

  • Date on Market: 2017-04-11

  • Last Updated:

  • Address: 850 Menard Rd, Winona, MN 55987

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