7-Eleven/Speedway (Dark)

Highlights:

• 7-Eleven/Speedway has vacated the property & continues to pay rent. There are approximately 11 years remaining on the 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.
• Well located near The Home Depot, Menards, Dick’s Sporting Goods, Fresh Thyme, Starbucks, and Crossroads Center, a 890,000 square foot retail mall.
• Strong demographics within a 5-mile radius population over 104,000 and average household income exceeding $86,000.
• 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.

Description:

This property is located on Division Street where strong traffic counts average over 23,800 vehicles per day and near Kohl’s, Aldi, Dollar Tree, Hobby Lobby, Home Depot, Dick’s Sporting Goods, Five Below, and many more retailers. Waite Park is located 4 miles from downtown St. Cloud and is just over 70 miles from the Twin Cities. Waite Park is known for the Quarry Park & Nature Preserve—the site of 20 former granite quarries & miles of hiking trails—is one of the largest attractions in the Greater St. Cloud area.

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