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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

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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

100% Occupancy; 3-Tenant Pad | Long-Term Operating History (25+ Years) | St. Cloud MSA; 206,000 People

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
8,043 SF
Building Class
C
Year Built
2000
Price
$6,129,292 CAD
Price Per SF
$762.07 CAD
Cap Rate
6.20%
NOI
$380,016 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.79 AC
Zoning
Commercial
Parking
50 Spaces (6.87 Spaces per 1,000 SF Leased)
Frontage
75’ on 25th Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • $44.88 CAD
  • Triple Net
  • Sep 2015

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.

  • Transportation and Warehousing
  • -
  • -
  • -
  • -

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.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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
  • 3
  • 5,008 SF
  • Retail
  • End Cap
  • 30 Days

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

Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
Lunds & Byerlys
Huntington National Bank
Starbucks
Red Lobster
Scooter's Coffeehouse
Buffalo Wild Wings
HuHot Mongolian Grill
U.S. Bank
Bonanza Steakhouse

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 82.45996.0000
  • 82.45994.0000
Land Assessment
$880,594 CAD
Improvements Assessment
$986,154 CAD
Total Assessment
$1,866,749 CAD
  • Listing ID: 37964478

  • Date on Market: 2025-10-06

  • Last Updated:

  • Address: 2423 Division St W, Saint Cloud, MN 56301

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