Thursday, August 30, 2007

Big Box Retail Center: 2nd Street Quad - St. Cloud, Minnesota

Single-story, Big Box retail complex: Minimum Investments Starting At $225,000.00

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  • Property Name: 2nd Street Quad
  • Rentable SqFt: ± 113,510.00
  • Purchase Price: $16,500,000.00
  • Price per SqFt: $145.36 /sqft
  • Equity: $8,050,000.00
  • Loan Amount: $8,050,000.00
  • Loan-to-Value: 51.21%
  • Percent Occupied: 100.00%
  • Type: Single-story, big-box retail center

Property Description:
2nd Street Quad is a single-story, big-box retail center located in St. Cloud, Minnesota. Offering approximately 113,510 square feet of rentable area, the center is currently 100% occupied with national tenants such as Dunham’s Sports, PetSmart, Petter’s Warehouse, and Northern Tool + Equipment. This location benefits from a secure and growing income stream that is supported by quality tenants, reasonable rent levels, and a truly viable retail location.

Top Tenants by Total Rent:
The property is currently 100% occupied with national tenants such as Dunham’s Sports, PetSmart, Petter’s Warehouse, and Northern Tool + Equipment.

Please contact me for a full marketing brochure and further information regarding this investment.

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