High-Traffic Gas Station
For Sale
Contact for pricing
1435 Division Street, Waite Park, MN 56387
Gas station for sale on Division Street with average traffic over 23,800 vehicles per day near major retailers.
Property Size7,186 SF
Price / SF$340.94
Days on Market146
Property Features for 1435 Division Street
General Information
Standard status
Active
Size
7,186 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$154,680
Additional Details
Traffic Count
23,800 vehicles/day
Building Details
Year Built
1994
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Keith Sturm · License #MN 81883
(612) 332-6600
Source:
Crexi
Added: May 28
Changed: Oct 16
Last Checked: Oct 19 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group Inc
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Investment Insights
Based on property information with market context.
A gas station property offered for sale at 1435 Division St in Waite Park. The listing is positioned as a retail-focused automotive/convenience asset intended for ongoing fuel and related use.
The property is located on Division Street, where traffic counts average over 23,800 vehicles per day. It is also situated near national and regional retailers including Kohl’s, Aldi, Dollar Tree, Hobby Lobby, Home Depot, Dick’s Sporting Goods, Five Below, and others.
For operators and investors looking for a retail-oriented automotive location, the combination of high daily traffic and proximity to surrounding shopping provides a practical foundation for serving customers who pass through the corridor. This offering is best suited for a buyer intending to leverage the site’s existing convenience orientation in a dense retail environment.
The property is located on Division Street, where traffic counts average over 23,800 vehicles per day. It is also situated near national and regional retailers including Kohl’s, Aldi, Dollar Tree, Hobby Lobby, Home Depot, Dick’s Sporting Goods, Five Below, and others.
For operators and investors looking for a retail-oriented automotive location, the combination of high daily traffic and proximity to surrounding shopping provides a practical foundation for serving customers who pass through the corridor. This offering is best suited for a buyer intending to leverage the site’s existing convenience orientation in a dense retail environment.
Key Highlights
- Gas station for sale on Division Street
- Average traffic counts over 23,800 vehicles per day along Division Street
- Located near Kohl’s, Aldi, Dollar Tree, Hobby Lobby, Home Depot, Dick’s Sporting Goods, and Five Below
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,581
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,620
$2.0M
Cap Rate 7%
$1,422,586
$1.4M
Cap Rate 9%
$1,106,456
$1.1M
Market Conditions
NOI Build-Up for 7,186 SF
Gross rent
$144.0K $20.04/SF
− Vacancy
−$11.2K −$1.56/SF
EGI
$132.8K $18.48/SF
− OpEx
−$33.2K −$4.62/SF
NOI
$99.6K $13.86/SF
Area
Stearns County, MN
Vacancy
7.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,620
Cap Rate 7%
$1,422,586
Cap Rate 9%
$1,106,456
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,581 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,370 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,137 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
23,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 43%
Dining 31%
Shops & Services 26%
Menards
Home Improvements & Furnishings
69,472 visits/mo
0.4 miles
Kwik Trip
Shops & Services
32,248 visits/mo
0.3 miles
Culver's
Dining
20,433 visits/mo
0.3 miles
Taco Bell
Dining
18,244 visits/mo
0.5 miles
KFC
Dining
10,489 visits/mo
0.4 miles
Demographics for 56387, MN
7,715
Population
3,460
Households
2.2
Avg Household Size
35
Median Age
19%
College-Educated
87%
High-School Grad
8.9 sq mi
ZIP Area
867
Density / Sq Mi
$57,387
Median Household Income
$36,511
Median Earnings
$1,072
Median Rent
$230,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - Gas station for sale on Division Street with average traffic over 23,800 vehicles per day near major retailers.
Where is this gas station located?
The property is located at 1435 Division Street Waite Park, MN.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Gas station for sale on Division Street; Average traffic counts over 23,800 vehicles per day along Division Street; Located near Kohl’s, Aldi, Dollar Tree, Hobby Lobby, Home Depot, Dick’s Sporting Goods, and Five Below
