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4114 Division st
Saint Cloud, MN 56301
La-Z-Boy · Retail Property For Sale
Investment Highlights
- La-Z-Boy was constructed in 2024 and has 10 years remaining on the primary lease term.
- April 2025 Revenues of $2.1 Billion and Net Worth of $1.02 Billion.
- Excellent demographics with a 5-mile population of 108,001 and an average household income of $83,120.
- La-Z-Boy currently has 890+ locations in the United States and is a global leader in residential furniture.
- Well located on Division Street with 33,000 vehicles per day. Located across the street from Crossroads Center.
- St. Cloud, MN is located 65 miles northwest of Minneapolis/St. Paul, MN.
Executive Summary
La-Z-Boy was constructed in 2024 and has 10 years remaining on the
primary lease term with $2.00 PSF rent increase in Year 7 and the
four 5-year renewal options.
primary lease term with $2.00 PSF rent increase in Year 7 and the
four 5-year renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
18,200 SF
Year Built
2024
Price
$5,797,037
Price Per SF
$318.52
Cap Rate
6.75%
NOI
$391,300
Tenancy
Single
Building Height
1 Story
Property Taxes
| Parcel Number | 82.50613.0020 | Improvements Assessment | $1,986,000 |
| Land Assessment | $3,595,000 | Total Assessment | $5,581,000 |
Property Taxes
Parcel Number
82.50613.0020
Land Assessment
$3,595,000
Improvements Assessment
$1,986,000
Total Assessment
$5,581,000
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