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STNL DOLLAR TREE | PRIME LOCATION NEW RENEWAL 700 2nd St S 9,698 SF Retail Building Waite Park, MN 56387 $2,512,656 CAD ($259.09 CAD/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
-
Jan 0000
At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!
| 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 | $318,441 CAD |
| Land Assessment | $1,346,206 CAD | Total Assessment | $1,664,646 CAD |
PROPERTY TAXES
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STNL DOLLAR TREE | PRIME LOCATION NEW RENEWAL | 700 2nd St S
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