220 Park Ave S.
$4,640,889
220 Park Ave S. St. Cloud, MN 56301
This is a carousel gallery, which opens as a modal once you click on any image. The carousel is controlled by both Next and Previous buttons, which allow you to navigate through the images or jump to a specific slide. Close the modal to stop viewing the carousel.
To navigate the horizontal menu, use the arrow keys. For VoiceOver on iOS, swipe left or
right with one finger.
About this listing
DESCRIPTION
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 9% with approx. (4) Four years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, and one-five year renewal option to extend. This property offers qualitied investors 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 operating in the building since 2005. Additionally, in 2024 & 2025 the property has undergone substantial property enhancements with over $645,000 invested.
Building amenities include high quality office finishes, ample parking at the door (new front & back parking lots in 2024/2025), fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more. Excellent opportunity to acquire this fully stabilized high quality 100% occupied NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $4,640,889 | 9% Cap Rate ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
HIGHLIGHTS
- 100% Leased By Creative Planning Business Services | A Leader in the Financial Services Industry Solid Going In Cap Rate of 9% | $417,680 NOI Attractive 2.5% Annual Rental Increases | One (5) Year Renewal Option Period To Extend NNN Lease Structure | Very Limited Landlord Responsibilities (Roof & Structure) Property Was Substantially Renovated in 2024 & 2025 | Approx. $650,000 Invested
-
Year Built
2005
-
Parking Spots
100
-
Year Last Renovated
2024
