1090 2Nd StSartell, MN 56377

Property Details for 1090 2Nd St

Year built

2002

Construction

WOOD

Lot size

2.98 AC

Property size (Sq ft)

4,960 SF

Property type

Commercial real estate

APN

92.57113.0518

APU

92571130518

Description

This exceptional investment opportunity presents the Sundance Business Center II, a multi-tenant retail property located at 1090 2nd St S, Sartell, Minnesota, 56377. The property encompasses 20,177 square feet across eight units within a single, two-story building constructed in 2002. It's zoned B2 and features ample parking (3.65 spaces per 1,000 sq ft), totaling 75 spaces. The center boasts a strong tenant mix, anchored by a corporate-guaranteed Dollar General lease. This provides excellent income stability, further enhanced by rent bumps ranging from 5% to 15% annually or per lease term, depending on the tenant. Recent capital expenditures include a new roof (2022) and ADA-compliant ramps, ensuring the property remains attractive and compliant. The property offers a Core+ investment profile with a multi-tenant occupancy strategy. Situated in a high-traffic area, this center benefits from strong market demand and proximity to other retailers. The property's location in Stearns County provides access to a thriving retail market. This offering presents a compelling investment opportunity with significant income potential and built-in inflation protection through lease escalations. The property's solid tenant base and recent upgrades make it a desirable addition to any portfolio. The APN is 92.57113.0518.

• CAP approach

  CAP return

  Valuation

  6%

  $1,033,510

  6.5%

  $954,010

  7%

  $885,867

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,158

  Geo Method

  $253,158

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,883,940

  Retail / Commercial

  $964,957

  Mixed-Use / Specialty

  $960,636

  Hospitality / Lodging

  $703,640

  Office

  $954,010

  Institutional / Educational

  $998,359

  Residential Income

  $1,168,080

  Multifamily

  $1,405,820

  Automotive / Energy

  $855,736

  Parking / Income-Based Land

  $296,175

  Restaurant / Food Service

  $497,753

  Healthcare / Senior Housing

  $986,018

Location Insight

City

Sartell

County

Stearns

State

Minnesota

Latitude

45.615

Longitude

-94.2254

CBSA code

41060

CBSA name

ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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