Midtown Square St. Cloud

St. Cloud

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

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