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FedEx Corner | St. Cloud, MN 2423 Division St W 8,043 SF 100% Leased Retail Building Saint Cloud, MN 56301 $6,129,292 CAD ($762.07 CAD/SF) 6.20% Cap Rate



Investment Highlights
- 100% Occupied Three-Tenant Pad; Long-Term Operating History
- Brand New Renovations Including New Roof (With Transferable Warranty), New Parking Lot, and Recent Panting
- As the Center of Minnesota’s Fastest-Growing Metropolitan Area, St. Cloud Serves as a Commercial Hub for More than 250,000 People
- FedEx Renewed Their Lease for 10 Years in 2025, and Has Operated at the Property for 25+ Years
- Current Rental Rates at the Center Are Significantly Below Replacement Cost
- Hard Corner Signalized Intersection; Primary Retail Corridor / Regional Retail Destination
Executive Summary
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Their founders opened the very first Caribou Coffee in 1992 with a vision to build personal connection into the coffeehouse experience. For over thirty years, that focus has cultivated their global standard for high quality ingredients, specialty-grade coffee, sustainable practices, and real connections. They are a global brand with community-centered coffeehouses offering handcrafted beverages and crave-worthy food to guests.
FedEx Office operates as a subsidiary of FedEx Corporation, offering a range of printing, shipping, and business services to individual and commercial customers. Originally branded as Kinko’s before being acquired by FedEx in 2004, the division was rebranded as FedEx Office in 2008 to align with the parent company’s identity. Headquartered in Memphis, Tennessee, FedEx Office supports businesses and consumers with document production, packing, and shipping solutions through its network of retail locations across the United States. The company plays a key role in FedEx’s broader logistics and service portfolio, complementing its express delivery and freight operations. FedEx Corporation, the parent company, was founded in 1971 and trades on the New York Stock Exchange under the ticker symbol FDX. FedEx Office continues to serve as a critical component of the company’s strategy to provide integrated solutions for shipping and document management needs.
Papa Johns International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA®. Papa Johns believes that using high-quality ingredients leads to superior quality-pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | $44.88 CAD | Triple Net | Sep 2015 | |
|
Transportation and Warehousing | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
5,008 sq. ft. Endcap
| Space | Size | Space Use | Position | Available |
| 3 | 5,008 SF | Retail | End Cap | 30 Days |
3
| Size |
| 5,008 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
3
| Size | 5,008 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
5,008 sq. ft. Endcap
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $986,154 CAD | |
| Land Assessment | $880,594 CAD | Total Assessment | $1,866,749 CAD |
Property Taxes
Presented by
Company Not Provided
FedEx Corner | St. Cloud, MN | 2423 Division St W
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