Four Subway Restaurants
100 S Main St Stewartville, MN 55976
100 S Main St, Stewartville, MN, 55976
$268,250
For Sale
$268,250
Portfolio of four Subway restaurants in Minnesota for sale.
Property Size900 SF
Price / SF$298.06
Days on Market111
Property Features for 100 S Main St
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Restaurant
Listing agency
(262) 364-1924
Listed by
Jeff R. Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:08AM
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 Jeff R. Rowlett
Investment Insights
Based on property information with market context.
This portfolio features four Subway restaurants located in Byron, St. Charles, Stewartville, and Caledonia, Minnesota. Each location has been in operation for over 20 years. All four leases have been extended for five years.
Key Highlights
- Portfolio of four Subway restaurant locations.
- All four locations have operated as Subways for over 20 years.
- All four leases were recently extended for five years.
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 | $15.3k | $17.04 |
| − Vacancy | −$843 | −$0.94 |
| EGI | $14.5k | $16.10 |
| − OpEx | −$3.6k | −$4.03 |
| NOI | $10.9k | $12.08 |
900 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$155.3K
$135.9K – $181.2K
NOI $10,869 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.4K
$207.7K – $277.0K
NOI $16,619 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Portfolio of four Subway restaurants in Minnesota for sale.
Where is this conventional restaurant located?
The property is located at 100 S Main St Stewartville, MN.
What is the asking price?
The asking price for this property is $268,250.
What are key features of this property?
This property features: Portfolio of four Subway restaurant locations.; All four locations have operated as Subways for over 20 years.; All four leases were recently extended for five years.
