La-Z-Boy

Highlights:

• 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.
• 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.

Description:

La-Z-Boy is located along Division Street where traffic counts average over 34,000
vehicles per day in St. Cloud, Minnesota. This property is in a dense retail area with the
Crossroads Center located just across Division Street. Crossroads Center is an 890,000
square-foot retail center with over 100 retailers anchored by Macy’s, Scheels, Target,
JCPenney, and DSW. Other retailers in the area include: Walmart, Joann Fabric, Harbor
Freight, Starbucks, Lund's & Byerly's, TJ Maxx, Costco, CVS, and more.

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