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200 14Th Ave E Sartell, MN 56377

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For Sale
$5,000,000

Net leased investment property in Sartell, MN with long-term tenant.

Building Details

Year built
1997

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Listing Contact
Mike Bobick, Ccim
Source: Svn

Listing Agent: Mike Bobick, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Sartell
County
Stearns
State
Minnesota
Longitude
-94.1802492
Latitude
45.6156025

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.
More about this property
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