Chipotle, Chase Bank, Noodles & Company Retail Center
Chipotle - New 10-Year Renewal
Marketing description
West 200 Block is a premier class A multi-tenant retail property located downtown St. Cloud, MN. This 3 tenant asset is ideal for a 1031 exchange buyer or investor looking for a stable investment with high quality national retail tenants. The property features corporate guarantees from Chipotle, JP Morgan Chase Bank, and Noodles & Company, giving investors peace of mind and long term stability of the asset.
The subject property is located in St. Cloud, MN, which is the county seat of Stearns County. With a population of over 71,000 residents and over 34,000 commuters coming into the city to work each day, St. Cloud is a thriving community that continues to grow year over year. According to the Minnesota Department of Labor & Economic Development, St. Cloud has the fastest growing labor force in Minnesota. In addition, St. Cloud was ranked the number one city in Minnesota based on job growth, wages, and the amount of high-tech industries by the Milken Institute.
Investment highlights
An Early 10-year Renewal by Chipotle, Showing a Strong Commitment to This Property
All NNN Leases with National Tenants
Corporate Entities Backing All Three Tenants Ensuring Stability of the Asset
Low Rent Deal Compared to National Market for Tenancy
Over 27,000 Vehicles Per Day with Frontage Directly on Division Street
Hard Corner Location with Signalized Intersection
Directly in Front of a 100+ Unit Market Rate Apartment Building
Located Less Than 1 mile Away From Target
Located 2 Blocks Away From St. Cloud State Campus, Providing Steady Flow of Patrons
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