NNN Holiday Stationstore
Retail | 6.00% CAP | 3,339 SqFt
Marketing description
Inventure Real Estate is pleased to present Holiday Station Store, a premier single-tenant net lease investment opportunity located in Saint Cloud, Minnesota. This NNN asset is ideally suited for a 1031 exchange buyer or investor seeking stable, passive income backed by one of the most recognized convenience and fuel brands in the country. The 3,339 square foot building sits at 328 5th Ave S in a high-demand area defined by three main drivers: proximity to Division Street which is St. Cloud's most heavily traveled corridor at over 31,000 VPD, a 100-unit market rate apartment complex immediately adjacent to the property, and St. Cloud State University just blocks away serving approximately 10,000 students. The combination of strong commuter traffic, nearby residential density, and a large university population helps drive steady, year-round performance for the property. With over 72,000 residents, Saint Cloud is the 12th most populated city in Minnesota and serves as the commercial and economic hub of Central Minnesota. Saint Cloud is the county seat of Stearns and continues to grow year over year, making it one of the most active secondary markets in the Upper Midwest.
Investment highlights
- Single-tenant NNN investment opportunity
- Holiday Stationstores is a wholly owned subsidiary of Alimentation Couche-Tard, one of the largest owners of gas and convenience stores in the world and part of the Circle K family of stores
- May be eligible for 100% bonus depreciation (consult your CPA)
- Well located near Division Street, Saint Cloud's primary retail corridor with over 31,000 VPD
- Directly adjacent to a 100-unit market rate apartment complex
- Two blocks from St. Cloud State University, serving approximately 10,000 students
- Investment-grade credit tenant (S&P: BBB+) Holiday Stationstore is a subsidiary of Alimentation Couche-Tard
- 15%+ rental increases in first two options
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