Midtown Square St. Cloud

St. Cloud

Active

Kumo Capital, in partnership with Brait Capital, has acquired Midtown Square in St. Cloud, Minnesota, and is embarking on a comprehensive redevelopment initiative. This redevelopment aims to transform Midtown Square into a vibrant, modernized hub for businesses and retailers, capitalizing on its prime location and strong local demographics.

Property Highlights

Midtown Square is 226,848SF on 10.19 Acres

Overview

The property is comprised of a modern two-story structure and an attached four-story office building
It is strategically located less than 0.25 miles from one of Minnesota’s top ten busiest intersections. The property benefits from exceptional accessibility and visibility, drawing from a population of over 105,000 individuals within a 5-mile radius

Tenant Composition

The property has a diverse range of tenants from industries including fitness and health, entertainment, professional services, event planning, food services, and many more
National tenants at the center include T-Mobile, Red Wing Shoes, and Liberty Tax Services

Additional Outparcel

The property includes a separately parceled, standalone Dunkin’ Donuts, which will be sold to recoup a portion of the initial investment

Overview

Kumo Capital and Brait Capital acquired Midtown Square at a price significantly below replacement cost, presenting a unique value-add opportunity. The strategy capitalizes on the property’s existing cash flow while enhancing long-term income potential through strategic improvements and leasing efforts.

The team is leveraging short-term, below-market leases to maximize occupancy during the renovation phase
These leases generate immediate cash flow and increase foot traffic, enhancing the property’s appeal to prospective higher-end, long-term tenants
Simultaneously, we will execute on the necessary repairs and revamp the façade
Through this phased strategy, we are anticipating YE25 NOI to grow drastically relative to what is currently in-place