Two-Tenant Restaurant
For Sale
$1,200,000
701 Soo Lane, Buffalo, MN 55313
Subway and Mi Ranchito Market operate in the same commercial building.
Property Size4,066 SF
Lot Size0.38 Acres
Price / SF$295.13
Days on Market12
Property Features for 701 Soo Lane
General Information
Standard status
Active
Size
4,066 SF
Lot size
0.38 Acres
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Additional Details
Highway Access
Yes
Amenities
No Stairs External
Wheelchair Ramp(s)
Building Details
Year Built
2002
Buildings
1
Tenancy
Multi
Listing Agency:
Re/Max Results
Listed By:
Diego Correa Bravo
(507) 601-9145
Source:
C21atwood
Added: Sep 29
Changed: Oct 10
Last Checked: Oct 10 at 2:59AM
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 Re/Max Results
Investment Insights
Based on property information with market context.
Built in 2002, the property contains approximately 4,066 square feet on about 0.38 acres. Subway and Mi Ranchito Market are both operating on-site, combining restaurant and market uses in one commercial property. The Subway operator is also the current owner, who is willing to provide a leaseback, offering a possible path to continued occupancy and rental income.
The property is near Highway 55 in Buffalo. The available information identifies nearby retail, restaurants, services, and residential development as part of the surrounding area.
The property is near Highway 55 in Buffalo. The available information identifies nearby retail, restaurants, services, and residential development as part of the surrounding area.
Key Highlights
- Approximately 4,066 square feet on about 0.38 acres
- Subway and Mi Ranchito Market currently operate on‑site
- Current owner operates Subway and is willing to provide a leaseback
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,197
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,940
$1.2M
Cap Rate 7%
$859,957
$860.0K
Cap Rate 9%
$668,856
$668.9K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$85.4K $21.00/SF
− Vacancy
−$5.1K −$1.26/SF
EGI
$80.3K $19.74/SF
− OpEx
−$20.1K −$4.94/SF
NOI
$60.2K $14.81/SF
Area
Wright County, MN
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,940
Cap Rate 7%
$859,957
Cap Rate 9%
$668,856
Alternative Uses
Best Use
Specialty Retail
$860.0K
$752.5K – $1.00M
NOI $60,197 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$715.4K
$626.0K – $834.7K
NOI $50,079 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$970.1K
$848.8K – $1.13M
NOI $67,904 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 36%
Electronics 2%
Beauty & Spa 1%
McDonald's
Dining
27,860 visits/mo
0.1 miles
Holiday Station Store
Shops & Services
24,549 visits/mo
0.2 miles
Culver's
Dining
23,255 visits/mo
0.3 miles
Arby's
Dining
10,087 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
7,547 visits/mo
0.3 miles
Demographics for 55313, MN
24,406
Population
9,445
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
107.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,471
Median Household Income
$53,867
Median Earnings
$1,150
Median Rent
$321,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Subway and Mi Ranchito Market operate in the same commercial building.
Where is this conventional restaurant located?
The property is located at 701 Soo Lane Buffalo, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 4,066 square feet on about 0.38 acres; Subway and Mi Ranchito Market currently operate on‑site; Current owner operates Subway and is willing to provide a leaseback
