Log In/Sign Up
Your email has been sent.
7-Eleven/Speedway (Dark) 1435 Division St 5,743 SF 65% Leased Retail Building Waite Park, MN 56387 $2,450,000 ($426.61/SF) 6.31% Cap Rate
Investment Highlights
- 7-Eleven/Speedway have vacated the property.
- Ability to receive additional rent by leasing 1,500 square foot apartment/office space.
- High traffic counts of 23,800 vehicles per day on Division Street.
- Property includes 8 fuel dispenses, underground storage tanks, a car wash, and additional 1,500 square feet which may be used as office or residential
- Redevelopment opportunity.
- Well located near The Home Depot, Menards, Dick’s Sporting Goods, Fresh Thyme, Starbucks, and Crossroads Center, a 890,000 square foot retail mall.
Executive Summary
Potential rent from 1,500 SQ. FT. apartment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,743 SF
Building Class
C
Year Built
1994
Price
$2,450,000
Price Per SF
$426.61
Cap Rate
6.31%
NOI
$154,679
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.29 AC
Zoning
Commercial
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-Eleven / Speedway
- -
- 5,743 SF
- -
- Triple Net
- Mar 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-Eleven / Speedway | - | 5,743 SF | - | Triple Net | Mar 2037 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2nd Floor
- 2,000 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 2,000 SF | Office | - | Now |
2nd Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 98.61393.0000 | Improvements Assessment | $559,000 |
| Land Assessment | $763,000 | Total Assessment | $1,322,000 |
Property Taxes
Parcel Number
98.61393.0000
Land Assessment
$763,000
Improvements Assessment
$559,000
Total Assessment
$1,322,000
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
