West Side Commons Retail Center

-Offering Peranich Huffman Net Lease Group is pleased to offer for sale, the West Side Commons Retail Center located in Hibbing, Minnesota. Priced at a 7.50% capitalization rate, the offering provides an investor with the opportunity to acquire a 100% occupied retail center that is adjacent to Walmart. Leases With 4 years of average weighted lease term remaining, the 19,643 SF property is tenanted by Dollar Tree, Trendz Hair Studio, Fresenius Medical Care and Northern Oral Surgery & Implant Center. All leases are on a net basis, whereby the tenant is responsible for expenses related to roof repair (excluding Dollar Tree), HVAC (Fresenius reimburses up to $1,500), landscaping, insurance premiums, property taxes and utilities. Tenants Dollar Tree - Ranked 137 on the Fortune 500 list and operating under the Family Dollar & Dollar Tree brands, the company employs 200,000+ associates in 16,000+ locations across the US & Canada. Trendz Hair Studio - Originally leasing Suite 2 of the subject property in 2017, Trendz Hair Studio recently executed a 3-year lease extension in September of 2023. Fresenius Medical Care - Fresenius Medical Care is the largest provider of renal care in both the US & across the world. Fresenius operates in 50+ countries and holds S&P’s Investment Grade credit rating of “BBB-”. Northern Oral Surgery & Implant Center - Operating in 3 locations across Minnesota & Wisconsin, Northern Oral Surgery & Implant Center executed a 10-year lease in 2021.