118 6th Ave S | Saint Cloud, MN 56301
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- LoopNet Team
118 6th Ave S
Saint Cloud, MN 56301
STARBUCKS - ST CLOUD, MN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 10-Year NN Lease with an Attractive 7.50% Rental Escalations Every 5 Years & During Renewal Options!
- Starbucks’ Latest Prototype with Impressive 13-Car Stack in Drive-Thru - Slated for Opening Date/Rent Commencement on February 1, 2023 (Est.)
- Great Visibility/Access on 6th Ave S/5th Ave S & 2nd St S (MN-23) where Traffic Counts Exceed 36,530 CPD!
- Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) Operated 16,826 Company-Operated & Licensed Stores in N. America
- Well-Positioned Across the Street from St. Cloud University (10,093 Students) in an Opportunity Zone!
- Total Population: 102,172 | Average Household Income: $106,811
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,192 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.34 AC
Zoning
C2
Parking
60 Spaces (27.37 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 82.52881.0015 | Improvements Assessment | $480,800 |
| Land Assessment | $400,000 | Total Assessment | $880,800 |
PROPERTY TAXES
Parcel Number
82.52881.0015
Land Assessment
$400,000
Improvements Assessment
$480,800
Total Assessment
$880,800
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