2920 W Division St | Saint Cloud, MN 56301
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- LoopNet Team
2920 W Division St
Saint Cloud, MN 56301
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate guaranteed triple net lease with 21 years remaining.
- Located in a dense retail shopping hub on Division Street with traffic counts of 34,000 vehicles per day.
- Less than a mile from Crossroads Center, an 890,000 square-foot enclosed mall with over 100 retailers.
- 2% annual increases with three 5-year renewal options.
- St. Cloud area is home to 3 Universities.
- Red Lobster is the sixth largest casual dining concept in North America and a MN favorite seafood destination!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,561 SF
Building Class
C
Year Built/Renovated
1990/2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.17 AC
Zoning
C5
Parking
140 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 82.50443.0000 | Improvements Assessment | $443,000 |
| Land Assessment | $914,000 | Total Assessment | $1,357,000 |
PROPERTY TAXES
Parcel Number
82.50443.0000
Land Assessment
$914,000
Improvements Assessment
$443,000
Total Assessment
$1,357,000
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