St Cloud, MN Retail Property For Sale

Highlights:

• 54 Tenants

• 10.16 Acres

• ±226,848 Square Feet

Business Overview:

• Gross Revenue: $558,627.00 - 3 Yr Avg

• EBITDA: $74,037.00 - 3 Yr Avg

• SDE: $116,539.00 - 3 Yr Avg

• Employees: 3 Total (1 Full-Time/2 Part-Time)

• New Owner Training: Yes - Negotiable

• Year Established: 2006

• Reason for Sale: Other Pursuits

• Located on the main commuter road connecting

Division St and Roosevelt Rd

• Prominent corner provides great redevelopment

potential

• Strong demographic profile. Site located in the

heart of St. Cloud between crossroads mall and St

Cloud State University

-2,700 SF Available for Lease on main floor

-Fully finished basement with equipment, bathroom, office

& storage

-Central location in downtown is only 2 blocks from the lofts

condominiums and easy walking distance to area offices, retail,

banks, theatre & rivers edge convention center

-New energy efficient HVAC system, kitchen exhaust hood &

make-up air system. Apartments are on a separate HVAC system

-Turn key restaurant with all equipment & furnishings currently on

site included in the sale price or owner will remove it buyer does

not want any of the items

-2 Apartments on the upper floor also completely renovated.

These apartments have always been 100% leased

PROPERTY HIGHLIGHTS:

• Force Air Furnace & A/C

• Elevator: Yes

• Electrical: 280v

• Interior Sprinkler: Yes

• Clear Height: 10'

• Parking Spaces: Parking Garage Adjacent to

Building

PROPERTY OVERVIEW:

• Operating Expense: $2.50

• Building Size: 168,768

• Land Size: 1.33 Acres

• County: Stearns

• PID's: 82.52885.0001/82.52885.0065

• Taxes: $58,568.00 / $58,568.00

• Zoned: C-3 Central Business District

• Year Built: 1985

• Lease Rate: $10.00/psf NNN

4,800 SF building available for sale. Great owner/user opportunity. The site offers excellent visibility to Divison Street. Call for details.

The former Ace Bar was originally established as a hotel and bar in 1882. Since then, it has been continuously operated in the public sector for a number of uses. Most recently, starting in

the 1930's it was a bar and full restaurant. Effectively there has been a food service and bar on that site for 82 years. The property is presently vacant.

• Located near Crossroads Mall – a large retail mall

and trade area

• Good access to Highway 15 (A major

North/South highway in the area)

• Near Division Street (a major East/West

thoroughfare)

• Building size suitable for a variety of potential

buyers

• Property site is approximately 3.55 acres – suitable for a

variety of redevelopment scenarios

• Adjacent to dated office building– potential to

assemble a larger site for redevelopment

This is a newly constructed Dunkin’ Donuts Restaurant with a lease commencing Summer of 2023, a 10-year initial term with 2–5 year extension options with quoted rent. Triple net rent is $104,000 per year for the first five years and then rent escalates 2% per year, for each of the next five years, including each year of the extension options.

• 5.5% capitalization rate

• Little to no landlord responsibilities

• Over 12,900 locations in 42 countries

• Located on one of the busiest intersections in

central Minnesota

• Over 43,000 vehicles per day total

• Classified as a quick service restaurant

• Breakfast options include baked foods, bagels,

and sandwiches

• Assorted flavored coffees and 52 styles of

donuts, hot, cold, and iced or frozen beverages.