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Saint Cloud NNN Investment

328 5th Ave S Saint Cloud, MN 56301

328 5th Ave S, Saint Cloud, MN, 56301
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Single-tenant net lease investment opportunity in Saint Cloud, Minnesota.

Property Size3,339 SF
Price / SF$316.67
AddedMay 21
Days on Market56
Last RefreshJul 15 at 5:22 pm

Property Features for 328 5th Ave S

General Information

Standard status
Active
Size
3,339 SF
Property subtype
Retail

Building Details

Year Built
1988

Listing office Inventure Real Estate

Listing date May 21, 2026

Source Crexi

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 Inventure Real Estate


Investment Insights

Based on property information with market context.

This single-tenant net lease investment opportunity is located in Saint Cloud, Minnesota. The property is a 3,339 square foot Holiday Station Store. It is situated at 328 5th Ave S, in a high-demand area near Division Street, which experiences over 31,000 vehicles per day. The property is adjacent to a 100-unit market rate apartment complex and is located blocks away from St. Cloud State University, which serves approximately 10,000 students. Saint Cloud is the 12th most populated city in Minnesota with over 72,000 residents and serves as the commercial and economic hub of Central Minnesota. Saint Cloud is the county seat of Stearns and continues to grow year over year.

Key Highlights

  • NNN lease offers stable, passive income for investors.
  • Located in a high‑demand area with heavy traffic (31,000 VPD) on Division Street.
  • Proximity to St. Cloud State University (approx. 10,000 students) ensures consistent customer base.

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 $70.1k $21.00
− Vacancy −$4.2k −$1.26
EGI $65.9k $19.74
− OpEx −$16.5k −$4.94
NOI $49.4k $14.81
3,339 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$706.2K
$617.9K – $823.9K (±1% cap)
NOI $49,434 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$587.5K
$514.1K – $685.4K (±1% cap)
NOI $41,125 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$796.6K
$697.0K – $929.4K (±1% cap)
NOI $55,763 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Barber Shop Electrical Service Carpet & Flooring Store Bakery Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Grocery and convenience store - Single-tenant net lease investment opportunity in Saint Cloud, Minnesota.
Where is this grocery and convenience store located?
The property is located at 328 5th Ave S Saint Cloud, MN.
What is the asking price?
The asking price for this property is $1,057,350.
What are key features of this property?
This property features: NNN lease offers stable, passive income for investors.; Located in a high‑demand area with heavy traffic (31,000 VPD) on Division Street.; Proximity to St. Cloud State University (approx. 10,000 students) ensures consistent customer base.
Contact an agent
(320) 980-2300 Call to check price and availability
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