US Bank - Willmar_Property for Sale
US Bank - Willmar_Property for Sale
318 2nd St SW, Willmar, MN, 56201, US

US Bank - Willmar

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
TRY 22,833,000
Building area Gross
622 m²
Occupancy
100.00%
Year built
1997
Cap Rate
6.69%
NOI
TRY 1,527,000

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
2 Jun 2023