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Investment Highlights

  • 7-Eleven/Speedway have vacated the property.
  • Ability to receive additional rent by leasing 1,500 square foot apartment/office space.
  • High traffic counts of 23,800 vehicles per day on Division Street.
  • Property includes 8 fuel dispenses, underground storage tanks, a car wash, and additional 1,500 square feet which may be used as office or residential
  • Redevelopment opportunity.
  • Well located near The Home Depot, Menards, Dick’s Sporting Goods, Fresh Thyme, Starbucks, and Crossroads Center, a 890,000 square foot retail mall.

Executive Summary

Potential rent from 1,500 SQ. FT. apartment.

Attachments

CoStar MP

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,743 SF
Building Class
C
Year Built
1994
Price
$3,355,789 CAD
Price Per SF
$584.33 CAD
Cap Rate
6.19%
NOI
$207,695 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.29 AC
Zoning
Commercial
Frontage
97’ on 15th Ave

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • 7-Eleven / Speedway
  • -
  • 5,743 SF
  • -
  • Triple Net
  • Mar 2037
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
7-Eleven / Speedway - 5,743 SF - Triple Net Mar 2037

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,000 SF
  • Office
  • -
  • Now
Space Size Space Use Position Available
1st Floor 2,000 SF Office - Now

1st Floor

Size
2,000 SF
Space Use
Office
Position
-
Available
Now
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Snap Fitness 24/7
Anytime Fitness
IHOP
Texas Roadhouse
CrossFit
Starbucks
Caribou Coffee
Cash Wise
Orangetheory Fitness
Club Pilates

Property Taxes

Property Taxes

Parcel Number
98.61393.0000
Land Assessment
$1,045,089 CAD
Improvements Assessment
$765,668 CAD
Total Assessment
$1,810,757 CAD
  • Listing ID: 31833554

  • Date on Market: 2024-05-16

  • Last Updated:

  • Address: 1435 Division St, Waite Park, MN 56387

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