Tanger Dr 38450, North Branch, MN
21,000 SF redeveloped space ideal for retail or automotive businesses.
- Added:
- Sep 29, 2025
- Days on Market:
- 259
- Last Refresh:
- May 20 at 9:17 pm
Property Features for Tanger Dr 38450
General Information
- Standard status
- Active
- Size
- 21,040 SF
- Lot size
- 1.25 Acres
- Property subtype
- RETAIL
Listing agent Jacob Gerads (651) 895-3217
Listing office Fort Inc (651) 895-3217
Listing date Sep 29, 2025
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 Fort Inc
HighLights
- Heavy power, high clear heights, and drive‑in flexibility suitable for various businesses.
- Redeveloped 21,000 SF building with modern, bright finish, ready for sales and service operations.
- Located on I‑35, offering high visibility and accessibility.
- Shared parking easements on adjacent lots to accommodate growth.
- Building ownership has material ready for 6 additional drive‑in doors.
- Can be customized as a full build‑to‑suit for specific needs.
Overview
Local Financial Insights For 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 | $398.9k | $18.96 |
| − Vacancy | −$28.7k | −$1.37 |
| EGI | $370.2k | $17.59 |
| − OpEx | −$111.1k | −$5.28 |
| NOI | $259.1k | $12.32 |
Alternative Uses
Current Use by Public Records
Map
- City
- North Branch
- County
- Chisago
- State
- Minnesota
- Longitude
- -92.9941
- Latitude
- 45.5054
