4170 W Division St , St Cloud, MN 56301
RETAIL For SaleFloors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Centre Place Mall Investment Opportunity | SALE | $5,900,000.00 |
Amy Senn - Mid-America Real Estate-Minnesota LLC
PHONE: 9528977833
PHONE: 9525636605
Bryce Thompson - Mid-America Real Estate-Minnesota LLC
PHONE: 6123550751
PHONE: 9525636657
Eric Geskermann - Mid-America Real Estate Group | Chicago
PHONE: 6304814045
STRONG HISTORICAL OCCUPANCY The Property features a highly durable tenant mix with deep operating history. More than 80% of the GLA is occupied by tenants with over a decade of tenancy, highlighted by Erbert & Gerbert’s (22 years), Sun Tan City (19 years), USPS (18 years), Sleep Number (14 years), and Hajime Asian Bistro (10 years). STABLE AND RESILIENT FUNDAMENTALS The Property benefits from a stable rent roll with built-in growth, delivering a 3.4% CAGR and a 3.6-year weighted average lease term, providing both nearterm income visibility and longer-term upside. EXCELLENT LOCATION WITHIN THE TRADE AREA The Property is prominently located along Division Street, the primary east-west retail corridor serving the St. Cloud regional trade area. Positioned directly across from Crossroads Center, the location benefits from strong visibility, accessibility, and consistent traffic generated by the area’s dominant retail hub. DOMINANT REGIONAL HUB Crossroads Center is the only enclosed regional mall within a 45-mile radius and draws approximately 4.5 million visitors annually. The center serves a broad and established trade area extending well beyond the City of St. Cloud to include Waite Park, Sartell, Sauk Rapids, and St. Joseph. The expanded trade area is estimated to include over 560,000 residents. COLLEGE TOWN The St. Cloud retail trade area is supported by a diverse mix of post-secondary institutions, including a large public university, community colleges, and private liberal arts colleges. Collectively, these schools contribute an estimated 23,000 full-time students, providing a consistent and resilient consumer base that supports year-round retail demand.