Lucky's Market - Tallahassee, FL
US - Tallahassee, FL
€11,033,000 | 5,079 sm
Asset description
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a STNL U.S. Bank in Willmar, MN. U.S. Bank is a Minneapolis-based super-regional bank with approximately 77,000 employees and $675 billion in assets. As the 5th largest bank in the United States, the company boasts an investment-grade credit rating. This branch, which is the only U.S. Bank site in the market, has seen extremely strong year-over-year deposit growth with 34% growth from 2021 to 2022. This investment provides the unique opportunity to obtain a property, backed by investment-grade credit, in the heart of a growing and retail-dense downtown.
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Attributes
Asking Price
€794,000
Building area Gross
622 sm
Occupancy
100.00%
Year built
1997
Cap Rate
6.69%
NOI
€54,000
Media
Investment highlights
SINGLE-TENANT NET LEASE INVESTMENT
• The investment features an absolute NNN lease with U.S Bank National Association, leaving no responsibilities for the Landlord
• The property is located in Willmar, Minnesota, which has a population of over 20,000 and is just outside the Minneapolis-Saint Paul MSA
MINNEAPOLIS-BASED SUPER-REGIONAL BANK
• U.S. Bancorp, the parent company of U.S. Bank, is based in downtown Minneapolis and has approximately 77,000 employees and $675 billion in assets
• U.S. Bank is the largest super-regional bank and 5th largest bank in the country, trailing only the “Big Four” banks
STRONG YOY DEPOSIT GROWTH AS THE ONLY U.S. BANK BRANCH IN THE MARKET
• From 2021 to 2022, this branch experienced an impressive 34% growth in the deposits
• The site, which features a drive-thru, is the only U.S. Bank location in all of Willmar
BUSY CORNER OF DOWNTOWN WILLMAR IN RETAIL DENSE AREA
• The property is located on the corner of Litchfield Ave and 2nd St in the heart of downtown Willmar
• The immediate area is retail-dense and also features the Rice Memorial Hospital
Contact brokers
US Bank - Willmar (0 Properties)
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Last updated
Jun 2, 2023
