Endcap Retail Suite with
For Sale
Contact for pricing
291 5th Ave NE, Isanti, MN 55040
Built in 2022, this end-cap retail suite features a drive-through and generous parking with easy access to Hwy 65.
Property Size13,552 SF
Price / SF$202.92
Days on Market222
Property Features for 291 5th Ave NE
General Information
Standard status
Active
Size
13,552 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Listing Agency:
RIC Property Management Inc
(763) 689-0349
Listed By:
Matt Anderson
(612) 327-2977
Source:
Moodyscre
Added: Jan 29
Changed: Aug 21
Last Checked: Aug 14 at 8:06AM
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 RIC Property Management Inc
Investment Insights
Based on property information with market context.
This built-in-2022 end-cap retail suite offers a drive-through component and generous parking. The property is positioned for straightforward customer access within a newer retail development.
Situated in the heart of Isanti’s growing retail development, the location provides easy access to Hwy 65.
With its end-cap configuration and drive-through use, the space is designed to support retail operations that benefit from convenient ingress and egress.
Situated in the heart of Isanti’s growing retail development, the location provides easy access to Hwy 65.
With its end-cap configuration and drive-through use, the space is designed to support retail operations that benefit from convenient ingress and egress.
Key Highlights
- 13,552 SF end‑cap retail suite in the heart of Isanti’s growing retail development
- Built in 2022
- Includes a drive‑thru
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,912
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,338,240
$3.3M
Cap Rate 7%
$2,384,457
$2.4M
Cap Rate 9%
$1,854,578
$1.9M
Market Conditions
NOI Build-Up for 13,552 SF
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.
Gross rent
$256.9K $18.96/SF
− Vacancy
−$18.5K −$1.37/SF
EGI
$238.4K $17.59/SF
− OpEx
−$71.5K −$5.28/SF
NOI
$166.9K $12.32/SF
Area
Isanti 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,338,240
Cap Rate 7%
$2,384,457
Cap Rate 9%
$1,854,578
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,912 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,326 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Mobil
Shops & Services
8,986 visits/mo
0.3 miles
SUBWAY
Dining
3,048 visits/mo
0.5 miles
Demographics for 55040, MN
13,941
Population
5,635
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
90%
High-School Grad
98.1 sq mi
ZIP Area
142
Density / Sq Mi
$88,576
Median Household Income
$48,975
Median Earnings
$1,298
Median Rent
$287,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Built in 2022, this end-cap retail suite features a drive-through and generous parking with easy access to Hwy 65.
Where is this retail space located?
The property is located at 291 5th Ave NE Isanti, MN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 13,552 SF end‑cap retail suite in the heart of Isanti’s growing retail development; Built in 2022; Includes a drive‑thru
