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Verizon Wireless 3520 W Division St 6,000 SF Retail Building Saint Cloud, MN 56301 $3,849,999 ($641.67/SF) 6.31% Cap Rate
Investment Highlights
- Long-Term Historical Occupancy - Build-To-Suit For Verizon in 2016
- RARE 10-Year Lease Extension | Verizon Recently Extended for An Additional 10-Years Demonstrating Their Commitment To The Site
- Excellent Visibility and Access Off W Division St | Traffic Counts Exceeding 30,000+ VPD
- Top-Performing Location Nationwide | 90th Percentile via Placer.ai | Top 98th Percentile in Minnesota | #1 out of 20 Within 50 Miles
- The Lease Features Increases Throughout The Base Term and Options
- Double Net Lease With Minimal Landlord Responsibilities
Executive Summary
Long-Term Historical Occupancy - Build-To-Suit For Verizon in 2016
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
B
Year Built
2016
Price
$3,849,999
Price Per SF
$641.67
Cap Rate
6.31%
NOI
$243,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.99 AC
Zoning
C5
Frontage
97’ on Division St
Nearby Major Retailers
Property Taxes
| Parcel Number | 82.47097.0003 | Improvements Assessment | $641,000 |
| Land Assessment | $648,000 | Total Assessment | $1,289,000 |
Property Taxes
Parcel Number
82.47097.0003
Land Assessment
$648,000
Improvements Assessment
$641,000
Total Assessment
$1,289,000
Contacts
-
Deno Bistolarides -
Nick Yaldo -
Brent Hanna -
Grant Kallevig -
Encore Real Estate Investment Services
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Verizon Wireless | 3520 W Division St
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