Four Subway Restaurants
821 Frontage Rd Byron, MN 55920
821 Frontage Rd, Byron, MN, 55920
$327,300
For Sale
$327,300
Portfolio of four Subway restaurants in Minnesota.
Property Size1,550 SF
Price / SF$211.16
Days on Market111
Property Features for 821 Frontage Rd
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- Restaurant
Listing agency
(952) 852-9729
Listed by
Ari J Chargo · License #License(s): MN: 40878014
(952) 852-9729
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:08AM
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 Ari J Chargo
Investment Insights
Based on property information with market context.
This portfolio comprises four Subway restaurants located in Byron, St. Charles, Stewartville, and Caledonia, Minnesota. Each location has been operational for over 20 years. All four leases have been extended for five years.
Key Highlights
- Portfolio of four Subway locations
- Subway has operated at each location for over 20 years
- All four leases just 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 | $26.4k | $17.04 |
| − Vacancy | −$1.5k | −$0.94 |
| EGI | $25.0k | $16.10 |
| − OpEx | −$6.2k | −$4.03 |
| NOI | $18.7k | $12.08 |
1,550 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.9K
$357.8K – $477.0K
NOI $28,621 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Portfolio of four Subway restaurants in Minnesota.
Where is this conventional restaurant located?
The property is located at 821 Frontage Rd Byron, MN.
What is the asking price?
The asking price for this property is $327,300.
What are key features of this property?
This property features: Portfolio of four Subway locations; Subway has operated at each location for over 20 years; All four leases just extended for five years
