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211 5th Ave S
Saint Cloud, MN 56301
Retail Property For Sale
Investment Highlights
- All NNN Leases with National Tenants
- Low Rent Deal Compared to National Market for Tenancy
- Hard Corner Location with Signalized Intersection and Directly in Front of a 100+ Unit Market Rate Apartment Building
- Corporate Entities Backing All Three Tenants Ensuring Stability of the Asset
- Over 27,000 Vehicles Per Day with Frontage Directly on Division Street
- Located Less Than 1 mile Away From Target, Located 2 Blocks Away From St. Cloud State Campus, Providing Steady Flow of Patrons
Executive Summary
West 200 Block is a premier class A multi-tenant retail property located downtown St. Cloud, MN. This 3 tenant asset is ideal for a 1031 exchange buyer or investor looking for a stable investment with high quality national retail tenants. The property features corporate guarantees from Chipotle, JP Morgan Chase Bank, and Noodles & Company, giving investors peace of mind and long term stability of the asset.
The subject property is located in St. Cloud, MN, which is the county seat of Stearns County. With a population of over 71,000 residents and over 34,000 commuters coming into the city to work each day, St. Cloud is a thriving community that continues to grow year over year. According to the Minnesota Department of Labor & Economic Development, St. Cloud has the fastest growing labor force in Minnesota. In addition, St. Cloud was ranked the number one city in Minnesota based on job growth, wages, and the
amount of high-tech industries by the Milken Institute.
The subject property is located in St. Cloud, MN, which is the county seat of Stearns County. With a population of over 71,000 residents and over 34,000 commuters coming into the city to work each day, St. Cloud is a thriving community that continues to grow year over year. According to the Minnesota Department of Labor & Economic Development, St. Cloud has the fastest growing labor force in Minnesota. In addition, St. Cloud was ranked the number one city in Minnesota based on job growth, wages, and the
amount of high-tech industries by the Milken Institute.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,466 SF
Building Class
B
Year Built
2013
Price
$4,381,648
Price Per SF
$517.56
Cap Rate
6%
NOI
$262,924
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.73 AC
Zoning
C - Commercial
Parking
51 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 82.51672.0010 | Improvements Assessment | $1,299,000 |
| Land Assessment | $470,800 | Total Assessment | $1,769,800 |
Property Taxes
Parcel Number
82.51672.0010
Land Assessment
$470,800
Improvements Assessment
$1,299,000
Total Assessment
$1,769,800
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