Listing Agency: Re/Max Results r***@results.net Show Phone

Listed By: Diego Correa Bravo Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 16 Last Checked: Oct 16 at 2:26PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This retail condominium includes Suite 100, with approximately 2,387 square feet of space and an operating Subway business. The current owner also runs the business and is willing to lease the unit back to a new owner.

The property is in Stacy, with access to I-35 and parking on site. Two other commercial properties are also being offered by the seller, though this unit may be acquired separately.

Key Highlights

• Approximately 2,387 square feet in Suite 100
• Subway business currently operates in the space; the owner is willing to lease it back
• Retail condominium in Stacy with access to I‑35 and on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,399

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,980 $588.0K

Cap Rate 7%

$419,986 $420.0K

Cap Rate 9%

$326,656 $326.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,387 SF

Gross rent

$45.3K $18.96/SF

− Vacancy

−$3.3K −$1.37/SF

EGI

$42.0K $17.59/SF

− OpEx

−$12.6K −$5.28/SF

NOI

$29.4K $12.32/SF

Area

Chisago County, MN

Vacancy

7.20%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,980

Cap Rate 7%

$419,986

Cap Rate 9%

$326,656

Alternative Uses

Best Use

Specialty Retail

$504.9K

$441.8K – $589.0K (±1% cap)

NOI $35,340 @ 7.0% cap · market cap 9.42%

Second Best

Retail

$420.0K

$367.5K – $490.0K (±1% cap)

NOI $29,399 @ 7.0% cap · market cap 7.84%

Theoretical Best

Office A

$569.5K

$498.3K – $664.4K (±1% cap)

NOI $39,864 @ 7.0% cap · market cap 10.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Building Supply Electrical Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

46k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Kwik Trip Shops & Services

46,246 visits/mo 0.3 miles

Demographics for 55079, MN

8,875

Population

3,377

Households

2.6

Avg Household Size

43

Median Age

17%

College-Educated

94%

High-School Grad

63.6 sq mi

ZIP Area

140

Density / Sq Mi

$111,484

Median Household Income

$51,697

Median Earnings

$1,547

Median Rent

$335,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The current Subway operator is open to leasing the space back to a new owner.

Where is this retail space located?

The property is located at 100-30962 Fenway Avenue Stacy, MN.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Approximately 2,387 square feet in Suite 100; Subway business currently operates in the space; the owner is willing to lease it back; Retail condominium in Stacy with access to I‑35 and on‑site parking