3520 W Division St · St. Cloud, MN 56301 · Specialty Retail
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Long-Term Historical Occupancy - Build-To-Suit For Verizon in 2016
Top-Performing Location Nationwide | 90th Percentile via Placer.ai | Top 98th Percentile in Minnesota | #1 out of 20 Within 50 Miles
RARE 10-Year Lease Extension | Verizon Recently Extended for An Additional 10-Years Demonstrating Their Commitment To The Site
The Lease Features Increases Throughout The Base Term and Options
Investment-Grade Credit Tenant (NYS E: VZ | S&P: BBB+) Verizon Communications Inc. Reported $134.8B In 2024 Revenue (+0.6% YoY), Ranks #30 On The Fortune 500, Maintains Investment-Grade Ratings Across All Three Agencies (Moody’s: Baa1 | S&P: BBB+ | Fitch: A-), And Is A Top U.S. Wireless Carrier With Approximately 146.1M Total Wireless Retail Connections (3Q 2025) And An Estimated 34% U.S. Mobile Market Share
Excellent Visibility and Access Off W Division St | Traffic Counts Exceeding 30,000+ VPD
Double Net Lease With Minimal Landlord Responsibilities
Upscale Demographics | Average Household Income Exceeds $73,000 in a 5-Mile Radius | Population Exceeds 111,000 Within 5-Miles
Neighboring Retailers Include: Crossroads Center Shopping Mall - A 1.7M SF Shopping Mall, Target, Chick-fil-A, The Home Depot, Aldi, Kohl's, Raising Cane's, Walmart, Costco, Menards, and Many More
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.