Former Cub Foods | Baxter/Brainerd, MN

Highlights:

• 58,808 square feet of flexible retail space situated on 9.12 total acres, offering significant potential for largescale redevelopment, expansion, etc.
• High-exposure location with direct frontage on Highway 371, the primary commercial artery for the region, ensuring maximum brand presence
• Strategically situated within a dense retail cluster alongside major national anchors, including Costco, Mills Fleet Farm, Target, and Walmart
• Located immediately north of the Highway 371/Highway 210 intersection—the region’s busiest junction—and poised to benefit from interchange improvement
• The Brainerd Lakes area is a premier destination for year-round recreation, attracting more than 1.5 million visitors annually
• The combination of an existing, functional box and substantial land area provides a blank canvas for investors seeking to capture market share

Description:

CBRE is pleased to exclusively present for sale the former Cub Foods building in Baxter, Minnesota. This offering comprises a 58,808-square-foot facility situated on 5.67 acres, with an adjacent 3.45 acres of wooded land, totaling 9.12 acres of prime real estate. The site offers a rare opportunity for redevelopment or repositioning within Baxter’s core retail corridor. There is currently a lease with Super One foods for another two years, allowing for a new owner to generate cash flow while working on a repositioning or redevelopment strategy.

The property features prominent frontage and direct visibility to Highway 371, the primary thoroughfare through the region. This corridor has experienced significant commercial growth over the last 15 years, establishing a dense retail cluster that includes Costco, Mills Fleet Farm, Target, and Walmart. The site is positioned immediately north of the intersection of Highway 371 and Highway 210, widely recognized as the busiest intersection in Northern Minnesota. With the upcoming grade-separated interchange project at this location, the property is poised to benefit from improved traffic flow and enhanced accessibility.

The Brainerd Lakes area is a premier destination for year-round recreation, attracting more than 1.5 million visitors annually. Renowned for its extensive network of lakes, golf courses, and outdoor amenities, the region generates robust, consistent demand for retail and service offerings. This significant tourism base, combined with a strong local population, ensures that properties within this central commercial hub maintain a distinct competitive advantage in capturing both regional and visitor spending.

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