Located in the City of Sartell and is considered a suburban location. The City of Sartell is located in southwest Benton County , about 4 miles northwest of the St Cloud Central Business District. The property has great access from US Highway 10 and State Highway 15. Net leased investment property. Jefferson Capital Systems moved into the building in June of 2023 and the current lease runs through March of 2032, followed by two renewal options of five years each.
Investment Highlights
Building Size: 34,312 SF
Cap Rate: 7.84%
NOI: $392,160
Price/SF: $146
Occupancy: 100% (Single Tenant)
Lease Term: Through March 2032 + (2) five-year renewal options
Built: 1998 (originally a build-to-suit call center)
Building Class: C Office
Tenant Overview
Tenant: Jefferson Capital Systems
Use: Office / Call Center Headquarters
Lease Start: June 2023
Lease Expiration: March 2032
Renewal Options: Two five-year extensions
Structure: NNN-style lease (strong credit tenant)
Location Highlights
City: Sartell, MN (St. Cloud MSA – population 204,000)
Proximity: 4 miles northwest of St. Cloud CBD
Access: Excellent access to US Highway 10 and State Highway 15
Nearest Airport: 10 miles
Market Type: Suburban / Medium Density
Average Household Income: $97,766
Median Household Income: $76,214
Property Summary
Lot Size: 7.5 Acres (1,100 ft frontage × 400 ft depth)
Zoning: I1 – Industrial
Construction: Masonry/concrete walls; wood/steel structure; slab on grade
Ceiling Height: 8 ft
Restrooms: 4
Utilities: Xcel Energy (gas/electric), City of Sartell (water/sewer)
Parking & Access
Type: Surface
Spaces: 262
Ratio: 10.0 / 1,000 SF
Condition: Asphalt, average
ADA Access: Yes
Amenities
Two full kitchens
Backup generator
Two-stall attached garage
Loading dock
Fitness and yoga room
Vending area
Basement storage (9,440 SF)
Landscaped business-campus setting