701 Central Ave E, MN
Freestanding building with drive-thru in St. Michael's main trade area.
- Added:
- Jan 18, 2023
- Days on Market:
- 1239
- Last Refresh:
- May 19 at 10:36 pm
Property Features for 701 Central Ave E
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Lot size
- 1.53 Acres
- Property subtype
- RETAIL
Properties For Sale
at 701 Central Ave E Contact us
Listing agent Chad Sturm License #20070429 (612) 436-1122
Listing office Upland Real Estate Group, Inc (612) 436-1122
Listing date Jan 18, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group, Inc
HighLights
- High traffic location with 19,400 vehicles per day.
- Drive‑thru opportunity.
- Located in the main trade area of St. Michael.
- Across from the only grocer in the city (Cub Foods).
- Proximity to corporate headquarters.
- Ranked #3 best city to live in Minnesota.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.6k | $18.00 |
| − Vacancy | −$10.2k | −$1.17 |
| EGI | $146.4k | $16.83 |
| − OpEx | −$36.6k | −$4.21 |
| NOI | $109.8k | $12.62 |
