La-Z-Boy - St. Cloud, MN
4114 W. Division Street, Saint Cloud, Minnesota 56301
$5,797,037
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
18,200 sqft
Land Size
0.1 acres
Zoning
-
Year Built
2024
Property Description
- La-Z-Boy was constructed in 2024 and has 10 years remaining on the primary lease term with $2.00 PSF rent increase in Year 7 and the four 5-year renewal options.
- La-Z-Boy currently has 890+ locations in the United States and is a global leader in residential furniture.
- April 2025 Revenues of $2.1 Billion and Net Worth of $1.02 Billion.
- Well located on Division Street with 33,000 vehicles per day. Located across the street from Crossroads Center, a 890,000 square-foot retail center with over 100 retailers anchored by Macy’s, Scheels, Target, JCPenney, and DSW.
- Excellent demographics with a 5-mile population of 108,001 and an average household income of $83,120.
- St. Cloud, MN is located 65 miles northwest of Minneapolis/St. Paul, MN.
- Property has zero lot line with AutoZone.
- St. Cloud is home to several institutions of higher education, including Minnesota’s third-largest university, St. Cloud State University.
- CentraCare – St. Cloud Hospital is the largest healthcare facility in Central Minnesota. The hospital features approximately 489 beds, a Level II Trauma Center, and employs thousands of medical professionals.