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STNL DOLLAR TREE | PRIME LOCATION NEW RENEWAL 700 2nd St S 9,698 SF Retail Building Waite Park, MN 56387 $1,800,000 ($185.61/SF) 6.75% Cap Rate
Investment Highlights
- Prime Location on 2nd Street - 33,000 VPD Traffic Count
- Located in Saint Cloud MSA Serving Over 200,000
- Excellent 1031 Exchange Replacement
- Below Market Lease - Recent Lease Renewal (new expiration 1/31/31)
- Replacement Oversized 1.8 Acre Parcel w/ Ample Parking
Executive Summary
This Dollar Tree site is conveniently situated in a prime location on 2nd Street (33,000 VPD traffic count) a major retail and business hub. Strategically located in close proximity to all the major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. The city of Waite Park is included in the Saint Cloud MSA serving over 200,000.
Subject property consists of one – single-story high-quality stucco and brick building consisting of approx. 9,500 SF bldg. on an oversized 1.8 acre parcel. The tenant, Dollar Tree is the 2nd largest dollar store retailer, with over 15,000 locations in North America (approx. $20 billion in annual revenue). Dollar Tree has occupied the building since 2015. Additionally, in 2015 the property had underwent substantial tenant improvements/property enhancements. Building amenities include high quality stucco and brick exterior finishes, oversized parking lot with ample parking in front and back, fully sprinkled, and much more.
Excellent opportunity for qualified investors to acquire this high quality 100% NNN leased investment property in a solid retail market. Excellent 1031 exchange opportunity.
*** Offered For Sale at $1,800,000 ***
Property Facts
Amenities
- Pylon Sign
- Security System
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 98.60707.0031 | Improvements Assessment | $227,700 |
| Land Assessment | $962,600 | Total Assessment | $1,190,300 |
Property Taxes
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STNL DOLLAR TREE | PRIME LOCATION NEW RENEWAL | 700 2nd St S
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