R.J.O. LLC Acquires Hy-Vee Grocery Store And Gas/Convenience Store Pad For $5.125M In Fairmont, Minnesota

The Hy-Vee grocery store at 907 S. State St. in Fairmont, Minnesota has been sold for $5.125 million to Nebraska investors. This 57,776-square-foot property includes a Hy-Vee grocery store and a gas/convenience store pad. The sale price of $5.125 million translates to a price per square foot of $88.70.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,125,000
• Square Footage: 57,776
• Price per Square Foot: $88
• Address: 907 South State Street, Fairmont, Minnesota
• Buyer: R.J.O. LLC - Gerry Corcoran
• Seller: Multi-Center Investments
• Date: 09/07/2023

The property was purchased by R.J.O. LLC, represented by Gerry Corcoran, while Multi-Center Investments acted as the seller. The transaction took place on 09/07/2023. The price per square foot for this retail property was $88, resulting in a total sale price of $5,125,000.