Fraser Autism Center of Excellence® Satellite |… — Sale in Mankato, MN

  • Price: $2.7M
  • Listing type: For sale
  • Asset type: Business
  • Location: Mankato, MN 56001

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Description

JUST LISTED: Fraser Autism Center of Excellence For Sale | 18,586 SF | 7.80% CAP Rate The offering is an 18,586-square-foot multi-tenant building anchored by an autism center located at 103 Homestead Road in Mankato, Minnesota. The offering includes a newly renovated asset leased to Fraser, Minnesota’s largest and most established provider of autism and early childhood mental health services. The property has undergone more than $500,000 in capital improvements to accommodate Fraser’s occupancy and is offered with a new seven-year lease featuring annual rental increases, creating an attractive combination of stable cash flow and long-term value appreciation. Additionally, the Property includes 4,636 square feet of space currently leased by Rent MSU at a significantly below-market rental rate of $5.00 per square foot gross. The below-market rent, combined with the current condition of the space, provides a new owner with a unique value-add opportunity and significant flexibility to reposition, renovate, or re-tenant the space to capitalize on prevailing market rents. The investment is anchored by a mission-critical tenant with an exceptional operating history spanning more than 90 years. Fraser serves approximately 17,000 children, teens, and adults annually through a network of 64 Twin Cities locations and six satellite facilities, making it Minnesota’s premier autism services provider. The organization continues to expand throughout the state to meet rapidly growing demand for specialized autism and behavioral health services, with the Mankato facility representing a strategic expansion into Southern Minnesota. Supported by favorable demographic trends and the increasing need for autism-related services, Fraser’s long-term commitment enhances the stability and durability of the investment. The Fraser lease structure is designed to minimize landlord responsibilities while providing predictable income growth. Fraser reimburses the majority of operating expenses,

Market Context

This commercial property in Mankato, MN is listed for sale at $2,700,000. Compare it against other commercial property listings for sale in Mankato, MN — view the full market.

First seen on CREHunt: Sep 23, 2026

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