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    St. Cloud, MN 56301

    For Sale
    $5,563,041

    NNN Leased Executive Office Building

    Property size:
    23,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a single-tenant, 23,688 square-foot executive office building in St. Cloud, Minnesota. The property, built in 2006 and extensively renovated in 2024 ($645,000 invested), boasts a Class B rating and is 100% occupied under a long-term NNN lease with Creative Planning Business Services, a financially strong tenant with a corporate guarantee. The lease features a 7.25% cap rate and attractive 2.5% annual rent bumps, providing a stable and growing income stream. Situated on a 1.81-acre lot in a prime location just off a major retail and business hub (27,000 VPD traffic count), the property offers easy access to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), restaurants, and other amenities. The building itself features high-quality finishes, ample parking, a fully sprinklered system, and an attractive granite and glass exterior. The property is zoned PUD and offers an excellent 1031 exchange opportunity. With approximately six years remaining on the initial lease term and a five-year renewal option, this investment provides a secure and lucrative return. The asking price is $5,563,041, with a net operating income (NOI) of $403,320. This is a rare opportunity to acquire a high-quality, single-tenant NNN leased property in a thriving market. The property is located at 220 Park Ave S., St. Cloud, MN 56301, within the Stearns County MSA serving over 200,000 people and approximately 60 miles northwest of the Twin Cities.

    Property Features for 0

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    23,688 SF
    Class
    B
    Lot Size
    78,844 SF

    Building Details

    Year Built/Renovated
    2006/2024
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Cloud
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2081033
    Latitude
    45.5479736

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    FAQs

    What type of property is this?
    Office Property / Space - NNN Leased Executive Office Building
    Where is this office property / space located?
    The property is located at St. Cloud, MN.
    What is the asking price?
    The asking price for this property is $5,563,041.
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    St. Cloud, MN 56301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    St. Cloud, MN 56301
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