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1017 1st St S, Willmar, MN, 56201

JIMMY JOHN’S
Closed

Key Information

Tot. SF
1,920
Year Built
2010
Term Remaining
±10 YRS
Type
Retail

Highlights

  • Long-Term Lease Remaining – The tenant signed a 15-year lease in 2020, leaving over 10 years of remaining term, providing long-term income stability.
  • Premium Annual Increases – This lease offers immediate value for investors with 3% annual rent increases, eliminating the typical 5-year wait for rent growth and outperforming the standard 10% every five years.
  • Passive Investment – The tenant is responsible for taxes, insurance, and all maintenance, with the exception of roof and structural repairs.
  • Top-Performing Location – According to Placer.ai, this store ranks in the top 8% of Jimmy John’s locations nationwide and top 6% in the state, suggesting long-term viability. (Contact broker for sales details.)
  • Strong Market Fundamentals – Willmar is the economic, medical, and retail center of West Central Minnesota. Its stable employment base and growing retail corridor continue to drive consumer traffic and tenant demand.
  • Surplus Parking and Easy Drive-Thru – With a generous parking ratio of 12 spaces per 1,000 SF— roughly three times higher than typical retail properties—and a well-designed drive-thru, this location is built to accommodate high customer volume with ease throughout the day.
  • Regional Economic Hub – Willmar serves as the economic, medical, and cultural center of Kandiyohi County—drawing foot traffic from surrounding towns. The presence of major
    institutions like Ridgewater College, Rice Memorial Hospital, and robust city services creates stable demand for retail. Incomes within a 10-mile radius range from $82k all the way up to $95k.
  • Booming Midwest Economy – Minnesota’s 5.7 million residents support one of the most diverse and resilient economies in the Midwest. The state has the highest concentration of Fortune 500 companies per capita, including UnitedHealth Group, Target, and 3M.

Photos

Location

Agents

Broker of Record

Kurt Sauer

License # 40841922 (MN)
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S, Ste 485 Minneapolis MN 55416