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Shopping Strip

Crossway North Plaza

215-223 3rd St NE, Waite Park, MN 56387

Listing Price: $1,200,000

Cap Rate
7.46%
Gross SF
6,120
Rentable SF
6,120
Price/Gross SF
$196.08
Lot Size
0.41 acres
Year Built
1988

Investment Overview

This four unit strip center contains a mixture of local tenants to the St. Cloud & Waite Park retail corridor. Concrete Image Salon & #1 Nails Salon are on NNN leases, with New Life Massage & Forever Young 2 Medical Clinic on Gross leases. Situated across the street from Crossroads Center, this asset boasts an excellent location from downtown St. Cloud (2.5 Miles) and traffic count.

Investment Highlights

  • 100% Occupancy
  • Close Proximity To Highway 15, Which Sees An Average Of 31K VPD
  • Directly Across The Street From The Crossroads Center, With National Tenants Target, JC Penney, Scheels, & DSW
  • Two Tenants Pay Pro Rata Share of CAM & Real Estate Taxes
  • Mixture Of NNN & Gross Leases
  • Corner Lot Location Between 3rd Ave NE & 3rd Street NE

Exclusively Listed By

Listing Price: $1,200,000

Cap Rate
7.46%
Gross SF
6,120
Rentable SF
6,120
Price/Gross SF
$196.08
Lot Size
0.41 acres
Year Built
1988

Investment Highlights

  • 100% Occupancy
  • Close Proximity To Highway 15, Which Sees An Average Of 31K VPD
  • Directly Across The Street From The Crossroads Center, With National Tenants Target, JC Penney, Scheels, & DSW
  • Two Tenants Pay Pro Rata Share of CAM & Real Estate Taxes
  • Mixture Of NNN & Gross Leases
  • Corner Lot Location Between 3rd Ave NE & 3rd Street NE

Investment Overview

This four unit strip center contains a mixture of local tenants to the St. Cloud & Waite Park retail corridor. Concrete Image Salon & #1 Nails Salon are on NNN leases, with New Life Massage & Forever Young 2 Medical Clinic on Gross leases. Situated across the street from Crossroads Center, this asset boasts an excellent location from downtown St. Cloud (2.5 Miles) and traffic count.

Exclusively Listed By

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