7-Eleven/Speedway (Dark)
1435 Division Street, Waite Park, Minnesota 56387
$2,450,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
7,186 sqft
Land Size
1.29 acres
Zoning
-
Year Built
1994
Property Description
- • 7-Eleven/Speedway has vacated the property & continues to pay rent. There are approximately 11 years remaining on the NNN lease with annual CPI increases (minimum of 1% and maximum of 3% each year).
• 8 fuel dispenses and a car wash.
• Redevelopment opportunity.
• Ability to receive additional rent by leasing 1,500 square foot apartment.
• 7-Eleven acquired Speedway in May of 2021. 7-Eleven has over 13,400 stores in the United States, a S&P Rating of A and revenues exceeding $62.7 Billion.
• Well located near The Home Depot, Menards, Dick’s Sporting Goods, Fresh Thyme, Starbucks, and Crossroads Center, a 890,000 square foot retail mall.
• High traffic counts of 23,800 vehicles per day on Division Street.
• Strong demographics within a 5-mile radius population over 104,000 and average household income exceeding $86,000.
• St. Cloud is home to St. Cloud State University with over 10,000 students, St. Cloud Technical College with 4,800 students and St. Cloud Hospital with 489 beds.
