Retail Space - For Sale
2920 West Division Street St Cloud, MN 56301
Details & Description
Price: $6,286,385
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.170
  • Building Sq Ft 8,561
  • Building Price per Sq Ft $734.30
  • Land Sq Ft 50,965
  • Land Price per Sq Ft $123.35
  • NOI $408,615
  • CAP Rate % 6.50
This Red Lobster is located along Division Street where traffic counts average over 34,000 vehicles per day in St. Cloud, Minnesota. The property is in a dense retail area with the Crossroads Center less than a mile northwest. Crossroads Center is an 890,000 square-foot retail center with over 100 retailers anchored by Macy’s, Scheels, Target, JCPenney, and DSW. It is the largest mall in the state outside of the Twin Cities. Other retailers in the area include: Walmart, Joann Fabric, Harbor Freight, Starbucks, Lund's & Byerly's, TJ Maxx, Costco, CVS, and more!
Property Highlights
 Red Lobster is the sixth largest casual dining concept in North America and a MN favorite seafood destination!
 St. Cloud area is home to St. Cloud State University (11,000+ students), St. Cloud Technical & Community Co
Listing Agents
Keith Sturm

O: 612-376-4488
keith@upland.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2920 West Division Street

St Cloud, MN 56301

Listing ID: 301806
Property No Longer Listed
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.170
  • Building Sq Ft 8,561
  • Building Price per Sq Ft $734.30
  • Land Sq Ft 50,965
  • Land Price per Sq Ft $123.35
  • NOI $408,615
  • CAP Rate % 6.50
  • 2920 West Division Street St Cloud, MN 56301 | for Sale | Photo 1
  • 2920 West Division Street St Cloud, MN 56301 | for Sale | Photo 2
2920 West Division Street | for Sale | Thumbnail 1
2920 West Division Street | for Sale | Thumbnail 2
Property Highlights
 Corporate guaranteed triple net lease with 21 years remaining.
 2% annual increases with three 5-year renewal options.
 Located in a dense retail shopping hub on Division Street with traffic counts of 34,000 vehicles per day.
 St. Cloud area is home to St. Cloud State University (11,000+ students), St. Cloud Technical & Community Co
 Less than a mile from Crossroads Center, an 890,000 square-foot enclosed mall with over 100 retailers.
 Red Lobster is the sixth largest casual dining concept in North America and a MN favorite seafood destination!
Description

This Red Lobster is located along Division Street where traffic counts average over 34,000 vehicles per day in St. Cloud, Minnesota. The property is in a dense retail area with the Crossroads Center less than a mile northwest. Crossroads Center is an 890,000 square-foot retail center with over 100 retailers anchored by Macy’s, Scheels, Target, JCPenney, and DSW. It is the largest mall in the state outside of the Twin Cities. Other retailers in the area include: Walmart, Joann Fabric, Harbor Freight, Starbucks, Lund's & Byerly's, TJ Maxx, Costco, CVS, and more!

Attachments & Files

St Cloud Area Market Trends

Listing Demographics for 2920 West Division Street St Cloud, MN 56301

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population9,98061,70499,892
Population Median Age383636
Population by Age0-9 Yrs1325 (13%)6799 (11%)11907 (11%)
10-19 Yrs1169 (11%)8683 (14%)13564 (13%)
20-29 Yrs1497 (15%)14522 (23%)21830 (21%)
30-39 Yrs1534 (15%)7736 (12%)13174 (13%)
40-49 Yrs1222 (12%)5767 (9%)10002 (10%)
50-59 Yrs1181 (11%)6560 (10%)10291 (10%)
60-69 Yrs986 (9%)5809 (9%)9421 (9%)
70+ Yrs1065 (10%)5827 (9%)9702 (9%)
Median HH Income$47,569$49,005$51,747
Total Household Income< 24K860 (20%)6050 (24%)8698 (21%)
25-49K1365 (33%)6538 (26%)10784 (26%)
50-74K710 (17%)4740 (19%)7574 (18%)
75-99K481 (11%)3254 (13%)5298 (13%)
100-199K654 (15%)3549 (14%)6574 (16%)
200K+52 (1%)599 (2%)1094 (2%)
Highest Education LevelNo Diploma67238625609
Diploma or GED2095981915650
Some College1546830314585
Assoc. Degree77141757451
Bachelors Degree1102741512481
Higher Degree52033585401
Total Housing Units4,30126,37842,166
--Owner-Occupied2,39712,27720,649
--Renter-Occupied1,72612,45319,373
Owner-Occupied Values< 100K63419112636
100-199K1359748111464
200-299K25717164265
300-399K496771361
400-499K65302483
500K+33191440
Total Working Age Population7,89950,57080,591
In Work Force5,00534,99155,921
Not In Work Force2,89515,57924,670
Workforce Employed4,63732,19652,237
Workforce Unemployed3412,6683,476
Civlian Workforce4,97834,86455,713
Military Workforce27127208
Total Households4,12224,73140,023
Family Households2,29512,88321,598
Non-Family Households1,82811,84818,424
Married Couple1,5388,80215,085
Other Family7574,0816,513
Married w/Child6363,3396,056
Single Male w/Child1145451,020
Single Female w/Child3051,7952,915

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Benton County34,226+1238,451+741,012+442,829
Stearns County133,166+13150,642+3155,587+2158,501
Sherburne County64,417+3788,499+794,258+498,248

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 66
Duluth International Airport (DLH) 131
Rochester International Airport (RST) 141
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