7-Eleven/Speedway (Dark)

$2,426,700

1435 Division Street, Waite Park, Minnesota 56387

Photo 1 of 3

Documents

• 7-Eleven & Speedway - Waite Park, MN MP.pdf (9.5 MB)

Building Size	5,743 Square Feet
Land Size	1.29 Acres
Zoning	-
Year Built	1994

• 7-Eleven/Speedway has vacated the property & continues to pay rent. There are 12 years, 9 months remaining on a 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 103,159 and average household income exceeding $77,406.
• 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.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.