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Saint Cloud NNN Investment

328 5th St S Saint Cloud, MN 56301

328 5th St 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 8:54 am

Property Features for 328 5th St S

General Information

Standard status
Active
Size
3,339 SF
Property subtype
RETAIL

Listing office Inventure Real Estate

Listing date May 21, 2026

Source Moodyscre

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 building situated at 328 5th Ave S. The location benefits from its proximity to Division Street, which experiences over 31,000 vehicles per day. A 100-unit market rate apartment complex is located immediately adjacent to the property, and St. Cloud State University, serving approximately 10,000 students, is just blocks away. 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

  • Single‑tenant NNN lease investment for stable, passive income.
  • Located in a high‑demand area of Saint Cloud, Minnesota.
  • High traffic location with over 31,000 VPD on Division Street.

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

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

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 St 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: Single‑tenant NNN lease investment for stable, passive income.; Located in a high‑demand area of Saint Cloud, Minnesota.; **High traffic location** with over 31,000 VPD on Division Street.
Contact an agent
(952) 594-5616 Call to check price and availability
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