Uptown Virginia | 3 Tenant Grocery Anchored Center

Highlights:

• LOW AVERAGE RENT PSF/BUILDING PRICE PSF - The average rent per square foot for the Property is less than $6 per square foot net providing the ability for future rent growth. The offering price equates to just $70 psf, significantly below replacement cost.
• MALL REDEVELOPMENT - The interior portion of the Uptown Virginia Mall is going through a renovation that includes a new Marshall’s opening 2026.
• ZERO INTERIOR MALL EXPENSES - The property benefits from being connected to the mall but does not contribute to the interior mall expenses.
• WELL LOCATED WITHIN THE TRADE AREA - The Property is located directly on Highway 53, the primary north south thoroughfare that connects Duluth to the Iron Range. Notable retailers located in close proximity include Target, Menards, Walgreens, Super One and Walmart.
• CAPTIVE TRADE AREA - The population of Virginia is 8,500 but the trade area is expansive and includes over 70,000 people spanning over a 20-mile radius.

Description:

**UPTOWN VIRGINIA MALL (THREE TENANT GROCERY ANCHORED CENTER) - 1401-1414 S 12th Ave W, Virginia, MN 55792** Exciting investment opportunity! Presenting the Uptown Virginia Mall, a thriving retail property in Virginia, MN. Boasting a prime location with high visibility on Highway 53, this 57,248 SF grocery anchored mall features Aldi, Tractor Supply, and Harbor Freight. The year 1 NOI is $341,242 with a solid 100% occupancy rate and fantastic potential for future rent growth, priced at an attractive $70 PSF. Set in a high-traffic area connecting Duluth to the Iron Range, this property benefits from a captive trade area of over 70,000 people within a 20-mile radius. Additionally, the mall is strategically positioned near major retailers like Target, Menards, and Walmart. With a renovation plan underway and a new Marshall’s store scheduled to open in 2026, the Uptown Virginia Mall is a fantastic investment opportunity not to be missed.

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