$1 Auction - REIT Sale | Former C-Store- 3 AC 600 Highway 10 S 3,534 SF 43% Leased Retail Building Saint Cloud, MN 56304 $67,906 CAD ($19.22 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 600 Highway 10 S, Saint Cloud, Benton County, Minnesota (the “Property”). Previously occupied by SuperAmerica, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a well-located commercial asset with meaningful value enhancement potential. FIRST BID MEETS RESERVE!
Constructed in 1987, the one-story, free-standing vacant convenience store includes ±3,534 square feet of retail space, two gas pump canopies, and features a pylon sign. The Property is strategically positioned on a parcel totaling ±3.63 acres of land with 13 surface parking spaces and can be accessed via several points of ingress/egress. Zoned C5, Highway Commercial District, the Property allows for a variety of commercial uses, providing flexibility for redevelopment or alternative tenant types. This former convenience store provides an outstanding opportunity for investors to capitalize on strong market fundamentals, with potential for value-add through long-term lease-up at market rates (CoStar estimates retail rents at ±$12-$15/SF retail). The gas pumps and underground storage tanks were removed by the previous tenant, who provided closeout documentation (see due diligence vault).
St. Cloud, Minnesota is a regional commercial and economic hub in central Minnesota located approximately 60-miles northwest of the Minneapolis - Saint Paul metro area along I-94, U.S. Highways-10, 52, and state routes - providing strong transportation access and regional trade area connectivity. The city’s economy is diversified with substantial employment in healthcare, manufacturing, retail trade, education, and public administration, supported by major employers such as CentraCare Health, the St. Cloud VA Health Care System, and state and local government entities. The Property is strategically situated just off US Hwy 10 on Frontage Road with direct access to Minneapolis-Saint Paul and offers excellent connectivity for logistics, light industrial, and highway commercial developments. Nearby traffic drivers include Target, Chipotle, Starbucks, Arby’s, Caribou Coffee, Jimmy John’s, Culver’s, Wendy’s, Subway, and O’Reilly Auto Parts. The Property is located in an area that serves 50,539 people within a 3-mile area and ±93,351 individuals with an AHHI of ±$69,951 within a 5-mile area further enhancing the area’s retail potential.