Single-Tenant Retail
4114 W Division St Saint Cloud, MN 56301
For Sale
Contact for pricing
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 Market107
Property Features for 4114 W Division St
General Information
Standard status
Active
Size
18,200 SF
Property subtype
RETAIL
Listing Agency:
Upland Real Estate Group, Inc
(612) 376-4475
Listed By:
Deborah Vannelli · License #20103724
(612) 376-4475
Source:
Moodyscre
Added: Apr 15
Changed: Jul 27
Last Checked: Jul 29 at 1:23PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.1k | $18.96 |
| − Vacancy | −$24.8k | −$1.37 |
| EGI | $320.2k | $17.59 |
| − OpEx | −$96.1k | −$5.28 |
| NOI | $224.2k | $12.32 |
18,200 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.74M
NOI $224,159 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $303,950 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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
