220 Park Ave S.

About this listing

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 8% 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. This property offers an investor a strong rental income stream with rental growth in a strong market.

Property is conveniently located just one block off of 2 nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2 nd 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 (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 fully stabilized high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.


*** Offered For Sale at $5,075,962 ***


Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576