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Investment Details

Price: $6,286,385 Location: St. Cloud, MN
Cap Rate: 6.50% Lease Type: NNN
NOI: $408,615 Lease Expiration: July 2044
Demographic Information (5-Mile Radius)
2022 Population: 104,687
2027 Population: 106,132
2022 Average Household Income: $79,652
2022 Median Household Income: $58,639
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Amanda Leathers
amanda@upland.com
612.436.0045

RED LOBSTER

St. Cloud | Minnesota
Highlights
• Corporate guaranteed triple net lease with 21 years remaining.
• 2% annual increases with three 5-year renewal options.
• Located in a dense retail shopping hub on Division Street with traffic counts of 34,000 VPD.
• St. Cloud area is home to 3 universities.
• Less than a mile from Crossroads Center, an 890,000 square-foot enclosed mall.
• Red Lobster is the sixth largest casual dining concept in North America.

RED LOBSTER

St. Cloud | Minnesota

Highlights
• Corporate guaranteed triple net lease with 21 years remaining.
• 2% annual increases with three 5-year renewal options.
• Located in a dense retail shopping hub on Division Street with traffic counts of 34,000 VPD.
• St. Cloud area is home to 3 universities.
• Less than a mile from Crossroads Center, an 890,000 square-foot enclosed mall.
• Red Lobster is the sixth largest casual dining concept in North America.

Investment Details

Price: $6,286,385
Location: St. Cloud, MN
Cap Rate: 6.50%
Lease Type: NNN
NOI: $408,615
Lease Expiration: July 2044
Demographic Information (5-Mile Radius)
2022 Population: 104,687
2027 Population: 106,132
2022 Average Household Income: $79,652
2022 Median Household Income: $58,639
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Amanda Leathers
amanda@upland.com
612.436.0045

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489