Single-Tenant Retail
For Sale
Contact for pricing
4114 W Division St, Saint Cloud, MN 56301
Newly constructed La-Z-Boy store is well located on Division Street with 10 years remaining on the primary lease term.
Property Size18,200 SF
Price / SF$318.52
Days on Market199
Property Features for 4114 W Division St
General Information
Standard status
Active
Size
18,200 SF
Property subtype
RETAIL
Additional Details
Traffic Count
33,000 vehicles/day
Building Details
Year Built
2024
Listing Agency:
Upland Real Estate Group, Inc
(612) 332-6600
Listed By:
Deborah Vannelli · License #20103724
(612) 376-4475
Source:
Moodyscre
Added: Apr 15
Changed: Oct 26
Last Checked: Oct 28 at 10:36AM
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.
This for-sale retail leasehold is anchored by La-Z-Boy, constructed in 2024. The lease has 10 years remaining on the primary term, with a $2.00 per-square-foot rent increase in Year 7 and four 5-year renewal options.
The property is located on W Division St and reports 33,000 vehicles per day. It is positioned across the street from Crossroads Center, a 890,000-square-foot retail center with more than 100 retailers anchored by Macy’s, Scheels, Target, JCPenney, and DSW.
The site is described as having zero lot line with AutoZone.
The property is located on W Division St and reports 33,000 vehicles per day. It is positioned across the street from Crossroads Center, a 890,000-square-foot retail center with more than 100 retailers anchored by Macy’s, Scheels, Target, JCPenney, and DSW.
The site is described as having zero lot line with AutoZone.
Key Highlights
- La‑Z‑Boy constructed in 2024 with 10 years remaining on the primary lease term
- Lease includes a $2.00 PSF rent increase in Year 7 and four 5‑year renewal options
- Located on Division Street with 33,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,076
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,881,520
$4.9M
Cap Rate 7%
$3,486,800
$3.5M
Cap Rate 9%
$2,711,956
$2.7M
Market Conditions
NOI Build-Up for 18,200 SF
Gross rent
$364.7K $20.04/SF
− Vacancy
−$16.0K −$0.88/SF
EGI
$348.7K $19.16/SF
− OpEx
−$104.6K −$5.75/SF
NOI
$244.1K $13.41/SF
Area
Stearns County, MN
Vacancy
4.40%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,881,520
Cap Rate 7%
$3,486,800
Cap Rate 9%
$2,711,956
Alternative Uses
Best Use
Retail
$3.49M
$3.05M – $4.07M
NOI $244,076 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.49M – $4.65M
NOI $278,944 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
33,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
862k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Superstores 26%
Dining 21%
Shops & Services 9%
Scheels
Apparel
162,569 visits/mo
0.2 miles
Target
Superstores
139,940 visits/mo
0.2 miles
Walmart
Superstores
81,716 visits/mo
0.5 miles
Chick-fil-A
Dining
52,191 visits/mo
0.1 miles
JCPenney
Apparel
41,146 visits/mo
0.1 miles
Demographics for 56301, MN
33,786
Population
13,511
Households
2.5
Avg Household Size
30
Median Age
32%
College-Educated
91%
High-School Grad
76.6 sq mi
ZIP Area
441
Density / Sq Mi
$69,725
Median Household Income
$29,226
Median Earnings
$1,103
Median Rent
$262,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Newly constructed La-Z-Boy store is well located on Division Street with 10 years remaining on the primary lease term.
Where is this retail space located?
The property is located at 4114 W Division St Saint Cloud, MN.
What is the asking price?
The asking price for this property is $5,797,037.
What are key features of this property?
This property features: La‑Z‑Boy constructed in 2024 with 10 years remaining on the primary lease term; Lease includes a $2.00 PSF rent increase in Year 7 and four 5‑year renewal options; Located on Division Street with 33,000 vehicles per day
