STNL CREATIVE PLANNING BUSINESS SERVICES | 220 Park Ave S
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STNL CREATIVE PLANNING BUSINESS SERVICES 220 Park Ave S
23,688 SF 100% Leased Office Building Saint Cloud, MN 56301 £4,363,705 (£184/SF) 7.25% Net Initial Yield
Investment Highlights
- 100% Leased By Creative Planning Business Services | A Leader in the Financial Services Industry
- Attractive 2.5% Annual Rental Increases | One (5) Year Renewal Option To Extend
- Property Was Substantially Renovated in 2024 | Approx. $650,000 Invested
- Solid Going In Cap Rate of 7.25% | $403,320 NOI
- NNN Lease Structure | Very Limited Landlord Responsibilities (Roof & Structure)
Executive Summary
CBC Orion Real Estate Advisors are pleased to offer For Sale the Creative Planning Business Services property located in Saint Cloud, MN. The subject property is a single-tenant, 23,688 square foot high quality office building – 100% NNN leased by Creative Planning Business Services. The investment offers a solid going in Cap Rate of 7.25% with approx. (6) Six years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, with one-five-year renewal option to extend.
The property offers qualified investors a strong rental income stream with rental growth in a strong market. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities.
Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning Business Services (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more.
Excellent opportunity to acquire this high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $5,563,041 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
The property offers qualified investors a strong rental income stream with rental growth in a strong market. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities.
Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning Business Services (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more.
Excellent opportunity to acquire this high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $5,563,041 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
23,688 SF
Building Class
B
Year Built/Renovated
2006/2024
Price
£4,363,705
Price Per SF
£184
Net Initial Yield
7.25%
NOI
£316,369
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
23,688 SF
Building FAR
0.29
Land Acres
1.89 AC
Zoning
PUD37 - Planned Unit Development
Parking
100 Spaces (4.22 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Reception
- Natural Light
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PROPERTY TAXES
| Parcel Number | 82.46714.0044 | Improvements Assessment | £589,092 |
| Land Assessment | £171,001 | Total Assessment | £760,093 |
PROPERTY TAXES
Parcel Number
82.46714.0044
Land Assessment
£171,001
Improvements Assessment
£589,092
Total Assessment
£760,093
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Scott M. Schmitt, CCIM -
CBC ORION REAL ESTATE ADVISORS, INC.
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STNL CREATIVE PLANNING BUSINESS SERVICES | 220 Park Ave S
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