Sartell Net Leased Investment
200 14th Ave E, Sartell, MN 56377
Net leased investment property in Sartell, MN with long-term tenant.
Type:Office
Property size:
34,312 SFLot size:
7.50 AcresPrice / SF:
$145/SF- Added:
- Mar 5, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 6 at 12:16 am
Property Features for 200 14th Ave E
General Information
- Standard status
- Active
- Size
- 34,312 SF
- Lot size
- 7.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing agent Mike Bobick, CCIM (320) 333-2692
Listing office (320) 333-2692
Listing date Mar 5, 2026
Source Svn
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 Mike Bobick, CCIM
HighLights
- Long‑term, NNN‑style lease with Jefferson Capital Systems through March 2032.
- High‑yield investment opportunity with a 7.84% capitalization rate and $392,160 net operating income.
- Strategic location in Sartell, MN, with excellent access to US Highway 10 and State Highway 15.
- Single‑tenant occupancy (100%) for simplified management.
- Substantial 34,312 SF building on a large 7.5‑acre site with 262 parking spaces.
- Features include two full kitchens, a backup generator, a fitness and yoga room, a loading dock, and basement storage.
Overview
This net leased investment property is located in Sartell, Minnesota, approximately 4 miles northwest of the St. Cloud Central Business District, within the St. Cloud MSA which has a population of 204,000. The property benefits from excellent access to US Highway 10 and State Highway 15. Constructed in 1998 as a build-to-suit call center, the building features masonry/concrete walls, a wood/steel structure, and a slab on grade. The property is situated on 7.5 acres with dimensions of 1,100 ft frontage by 400 ft depth, and is zoned I1 – Industrial. The building has 34,312 square feet and a ceiling height of 8 ft. Jefferson Capital Systems occupies the building since June 2023 under a NNN-style lease. The current lease extends through March 2032, with two five-year renewal options. The property includes two full kitchens, a backup generator, a two-stall attached garage, a loading dock, a fitness and yoga room, a vending area, and 9,440 square feet of basement storage. The site provides 262 surface parking spaces, a ratio of 10.0 per 1,000 square feet. Utilities are provided by Xcel Energy (gas/electric) and the City of Sartell (water/sewer). The property is located in a suburban, medium-density area and features a landscaped business-campus setting. The property is currently purposed as an office/call center headquarters.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$4.40M
NOI $395,595 @ 9.00% cap · cautious / downside scenario
Moderate
$5.65M
NOI $395,595 @ 7.00% cap · market / base-case scenario
Aggressive
$7.91M
NOI $395,595 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $551.7k | $16.08 |
| − Vacancy | −$24.3k | −$0.71 |
| EGI | $527.5k | $15.37 |
| − OpEx | −$131.9k | −$3.84 |
| NOI | $395.6k | $11.53 |
34,312 SF · lease $16.08/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$5.65M
$4.94M – $6.59M
NOI $395,595 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.51M
$6.57M – $8.76M
NOI $525,886 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Riverview Law Office
Law Firm
Location Insight
- Map
- Local Demand
- City
- Sartell
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.1803
- Latitude
- 45.6156
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Net leased investment property in Sartell, MN with long-term tenant.
Where is this office building located?
The property is located at 200 14th Ave E Sartell, MN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Long‑term, NNN‑style lease with Jefferson Capital Systems through March 2032.; High‑yield investment opportunity with a **7.84% capitalization rate** and **$392,160 net operating income**.; Strategic location in Sartell, MN, with excellent access to US Highway 10 and State Highway 15.
