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FedEx Corner | St. Cloud, MN 2423 Division St W 8,043 SF 100% Leased Retail Building Saint Cloud, MN 56301 $4,495,000 ($558.87/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied Three-Tenant Pad; Long-Term Operating History
- Brand New Renovations Including New Roof (With Transferable Warranty), New Parking Lot, and Recent Panting
- As the Center of Minnesota’s Fastest-Growing Metropolitan Area, St. Cloud Serves as a Commercial Hub for More than 250,000 People
- FedEx Renewed Their Lease for 10 Years in 2025, and Has Operated at the Property for 25+ Years
- Current Rental Rates at the Center Are Significantly Below Replacement Cost
- Hard Corner Signalized Intersection; Primary Retail Corridor / Regional Retail Destination
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
- -
- $32.91
- Triple Net
- Sep 2015
Their founders opened the very first Caribou Coffee in 1992 with a vision to build personal connection into the coffeehouse experience. For over thirty years, that focus has cultivated their global standard for high quality ingredients, specialty-grade coffee, sustainable practices, and real connections. They are a global brand with community-centered coffeehouses offering handcrafted beverages and crave-worthy food to guests.
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- Transportation and Warehousing
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For decades, FedEx has been innovating to deliver more. Strengthening supply chains with their global network. Simplifying logistics. Enhancing tracking and visibility. And using data from every journey to make the experience better. FedEx provides customers and businesses worldwide with a broad portfolio of transportation, ecommerce, and business services. They focus on making supply chains smarter for everyone by offering integrated business solutions utilizing their flexible, efficient, and intelligent global network, covering various countries and territories.
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- Accommodation and Food Services
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Papa Johns International, Inc. is a leading global pizza brand known for its commitment to “Better Ingredients. Better Pizza.®” Founded in 1984, the company has grown to thousands of locations in over 45 countries. Papa Johns stands out for its fresh, never-frozen dough, signature sauces, and quality toppings. Headquartered in Atlanta, Georgia, the brand continues to innovate in digital ordering, customer experience, and community engagement, while staying true to its promise of delivering better pizza every time.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $32.91 | Triple Net | Sep 2015 | |
|
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Transportation and Warehousing | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
5,008 sq. ft. Endcap
| Space | Size | Space Use | Position | Available |
| 3 | 5,008 SF | Retail | End Cap | 30 Days |
3
| Size |
| 5,008 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
3
| Size | 5,008 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
5,008 sq. ft. Endcap
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $710,000 | |
| Land Assessment | $634,000 | Total Assessment | $1,344,000 |
PROPERTY TAXES
Presented by
FedEx Corner | St. Cloud, MN | 2423 Division St W
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