Michaels | Baxter, MN 7626 Clearwater Rd Local commercial 2 183 m² À vendre Baxter, MN 56425 1 626 764 € (745,12 €/m²) Taux de capitalisation 7 %

Corporate Guarantee
The lease is backed by a corporate guarantee from an established national tenant, offering investors added security and over six years of remaining term.
Prime Retail Location
This Michaels is located on an outparcel next to Target and part of a larger retail area along Highway 371, the main thoroughfare with traffic counts over 32K+ per day. The property is easily accessible with a large lot, ample parking, and signage.
Excellent Vacation Market
The Brainerd Lakes Area is a major tourist destination in Minnesota, with more than 500 area lakes. According to Crow Wing County, the county has an average population of nearly 60,000, and this increases as much as 3 times during the summer months by people enjoying the area.
Market Advantage
There is currently no retail space under construction in the Brainerd market. In addition, the tenant is paying below market rent with valuable underlying real estate.
Strong Demographics
Located about two hours north of the Twin Cities. Brainerd has had steady population growth for the last several censuses. The area within a ten-mile radius of the property has a population exceeding 40,000, with an average household income of over $80,000.