200 14Th Ave E Sartell, MN 56377
Net leased investment property in Sartell, MN with long-term tenant.
Building Details
- Year built
- 1997
Source:
Svn
Listing Agent: Mike Bobick, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sartell Net Leased Investment Property
This net leased investment property is located in Sartell, Minnesota, approximately 4 miles northwest of the St. Cloud Central Business District, within the St. Cloud MSA which has a population of 204,000. The property benefits from excellent access to US Highway 10 and State Highway 15. Constructed in 1998 as a build-to-suit call center, the building features masonry/concrete walls, a wood/steel structure, and a slab on grade. The property is situated on 7.5 acres with dimensions of 1,100 ft frontage by 400 ft depth, and is zoned I1 – Industrial. The building has 34,312 square feet and a ceiling height of 8 ft. Jefferson Capital Systems occupies the building since June 2023 under a NNN-style lease. The current lease extends through March 2032, with two five-year renewal options. The property includes two full kitchens, a backup generator, a two-stall attached garage, a loading dock, a fitness and yoga room, a vending area, and 9,440 square feet of basement storage. The site provides 262 surface parking spaces, a ratio of 10.0 per 1,000 square feet. Utilities are provided by Xcel Energy (gas/electric) and the City of Sartell (water/sewer). The property is located in a suburban, medium-density area and features a landscaped business-campus setting. The property is currently purposed as an office/call center headquarters.
Location Intelligence
Current Use by Public Records
Riverview Law Office
Law Firm
Location Insight
- Map
- Local Demand
- City
- Sartell
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.1802492
- Latitude
- 45.6156025
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Net leased investment property in Sartell, MN with long-term tenant.
Where is this office building located?
The property is located at 200 14Th Ave E Sartell, MN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: - Long-term, NNN-style lease with Jefferson Capital Systems through March 2032.; - High-yield investment opportunity with a **7.84% capitalization rate** and **$392,160 net operating income**.; - Strategic location in Sartell, MN, with excellent access to US Highway 10 and State Highway 15.
