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328 5th Ave S
Saint Cloud, MN 56301
Retail Property For Sale
Investment Highlights
- May be eligible for 100% bonus depreciation (consult your CPA)
- Directly adjacent to a 100-unit market rate apartment complex
- Investment-grade credit tenant (S&P: BBB+) Holiday Stationstore is a subsidiary of Alimentation CoucheTard
- Well located near Division Street, Saint Cloud's primary retail corridor with over 31,000 VPD
- Two blocks from St. Cloud State University, serving approximately 10,000 students
- 15%+ rental increases in first two options
Executive Summary
Inventure Real Estate is pleased to present Holiday Station Store, a premier single-tenant net lease investment opportunity located in Saint Cloud, Minnesota. This NNN asset is ideally suited for a 1031 exchange buyer or investor seeking stable, passive income backed by one of the most recognized convenience and fuel brands in the country. The 3,339 square foot building sits at 328 5th Ave S in a high demand area defined by three main drivers: proximity to Division Street which is St. Cloud's most heavily traveled corridor at over 31,000 VPD, a 100-unit market rate apartment complex immediately adjacent to the property, and St. Cloud State University just blocks away serving approximately 10,000 students. The combination of strong commuter traffic, nearby residential density, and a large university population helps drive steady, year-round performance for the property. With over 72,000 residents, Saint Cloud is the 12th most populated city in Minnesota and serves as the commercial and economic hub of Central Minnesota. Saint Cloud is the county seat of Stearns and continues to grow year over year, making it one of the most active secondary markets in the Upper Midwest.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,339 SF
Building Class
C
Year Built
1988
Price
$1,057,350
Price Per SF
$316.67
Cap Rate
6%
NOI
$63,441
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
C4
Parking
10 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 82.51561.0000 | Improvements Assessment | $255,000 |
| Land Assessment | $146,000 | Total Assessment | $401,000 |
Property Taxes
Parcel Number
82.51561.0000
Land Assessment
$146,000
Improvements Assessment
$255,000
Total Assessment
$401,000
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