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4114 Division Street
Waite Park, MN 56387
Asking Price
$5.80M
Cap Rate
6.75%
Asset Type
Storefront Retail
Class
Class B
What's Special
La-Z-Boy | 6.75% Cap | St. Cloud, MN <ul><li>La-Z-Boy was constructed in 2024 and has 10 years remaining on the primary lease term with $2.00 PSF rent increase in Year 7 and the four 5-year renewal options.</li><li>La-Z-Boy currently has 890+ locations in the United States and is a global leader in residential furniture.</li><li>April 2025 Revenues of $2.1 Billion and Net Worth of $1.02 Billion.</li><li>Well located on Division Street with 33,000 vehicles per day. Located across the street from Crossroads Center, a 890,000 squa
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NOI
$80,000
Cap Rate
1.38%
DSCR
0.23
Underwater
Cash-on-Cash
-15.19%
Monthly Payment
$28,680.576
Annual Cash Flow
$-264,166.913
