600 Highway 10 S - Convenience Store FOR SALE


Saint Cloud, MN 56304
$50,000 USD
305-206-1286
600 Highway 10 S, Saint Cloud, MN for Sale
$50,000 USD
Convenience Store - FOR SALE
1/10
null | Request Cap Rate

600 Highway 10 S
Saint Cloud, MN 56304


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former SuperAmerica C-Store | 25K VPD | 3.6 Acres | AUCTION MARCH 2-4
  • Freestanding Former SuperAmerica Convenience Store on Hard Corner in Saint Cloud, MN
  • 25,229 VPD Traffic Counts with Visibility on US 10 with Direct Access from Frontage Road and 15th Ave SE
  • Neighboring National Retailers: Target, Chipotle, Starbucks, Arby’s, Caribou Coffee, Jimmy John’s, Culver’s, Wendy’s, Subway, O’Reilly Auto Parts
  • 3.6% Population Growth from 2020-2024 and 3.3% Future Growth Projected from 2024-2029 (5-Mile)
  • Attractive Demographics with ±93,351 Individuals and Annual Household Income of ±$69,951 (5-Mile)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 600 Highway 10 S, Saint Cloud, Benton County, Minnesota (the “Property”). Previously occupied by SuperAmerica, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a well-located commercial asset with meaningful value enhancement potential. FIRST BID MEETS RESERVE! Constructed in 1987, the one-story, free-standing vacant convenience store includes ±3,534 square feet of retail space, two gas pump canopies, and features a pylon sign. The Property is strategically positioned on a parcel totaling ±3.63 acres of land with 13 surface parking spaces and can be accessed via several points of ingress/egress. Zoned C5, Highway Commercial District, the Property allows for a variety of commercial uses, providing flexibility for redevelopment or alternative tenant types. This former convenience store provides an outstanding opportunity for investors to capitalize on strong market fundamentals, with potential for value-add through long-term lease-up at market rates (CoStar estimates retail rents at ±$12-$15/SF retail). St. Cloud, Minnesota is a regional commercial and economic hub in central Minnesota located approximately 60?miles northwest of the Minneapolis - Saint Paul metro area along I-94, U.S. Highways?10,?52, and state routes - providing strong transportation access and regional trade area connectivity. The city’s economy is diversified with substantial employment in healthcare, manufacturing, retail trade, education, and public administration, supported by major employers such as CentraCare Health, the St. Cloud VA Health Care System, and state and local government entities. The Property is strategically situated just off US Hwy 10 on Frontage Road with direct access to Minneapolis-Saint Paul and offers excellent connectivity for logistics, light industrial, and highway commercial developments. Nearby traffic drivers include Target, Chipotle, Starbucks, Arby’s, Caribou Coffee, Jimmy John’s, Culver’s, Wendy’s, Subway, and O’Reilly Auto Parts. The Property is located in an area that serves 50,539 people within a 3-mile area and ±93,351 individuals with an AHHI of ±$69,951 within a 5-mile area further enhancing the area’s retail potential.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former C-Store- 3 AC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

CS

APN/PARCEL ID

17.00032.00

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.