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- LoopNet Team
40 2nd St S
Waite Park, MN 56387
Waite Park Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 40 2ND ST S , WAITE PARK, MN 56387
Waite Park Center is anchored by a new Fresh Thyme and Dick’s Sporting Goods in the heart of St. Cloud, Minnesota’s commercial district. The 93,760 sf center was recently renovated and is 100% occupied by national credit tenants on long term leases. Waite Park Center is located in the central business district of St. Cloud which is the largest city in Central Minnesota and the economic center serving a trade area of 400,000 people. This center has an excellent line-up of four credit tenants, all with lease terms longer than 8.5 years including Dicks Sporting Goods, Fresh Thyme, Mattress Firm and Five Below. There is NOI growth through each tenant with contractual increases in current terms and option periods and upside potential in selling off the Mattress Firm outlot separately.
PROPERTY TAXES
| Parcel Number | 98.60815.0045 | Improvements Assessment | $5,060,200 |
| Land Assessment | $2,271,500 | Total Assessment | $7,331,700 |
PROPERTY TAXES
