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Highland Bank 701 SE Central Ave E 8,700 SF of Retail Space Available in Saint Michael, MN 55376
Highlights
- Traffic counts average 19,400 vehicles per day in front of the property on Central Ave E
- Drive thru opportunity
- Located in the main trade area of St. Michael
- Area retailers include Cub Foods, CVS, Walgreens, Subway, Domino’s, O’Reilly Auto Parts, and more
- Free standing building
- Across Central Ave from Cub Foods, the only grocer in the city
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,700 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
8,700 SF of divisible retail space available for lease at 701 Central Ave E in St. Michael, MN. The space offers a drive-thru opportunity, excellent visibility on Central Ave E with 19,400 daily traffic counts, and convenient access to major retailers including Cub Foods, CVS, and Walgreens. Ample parking with 40 spaces supports customer convenience.
- Fully Built-Out as a Bank
- Space is an outparcel at this property
- Drive Thru
- Drive-thru opportunity available.
- High visibility on Central Ave E.
- 19,400 vehicles per day traffic count.
- 40 on-site parking spaces.
- Across from Cub Foods and major retailers.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 8,700 SF | Gross Leasable Area | 8,700 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Bank | Parking Ratio | 4.6/1,000 SF |
| Total Space Available | 8,700 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 8,700 SF |
| Year Built | 1980 |
| Parking Ratio | 4.6/1,000 SF |
About the Property
This freestanding building sits on 1.83 acres and offers 8,700 SF of divisible space, providing flexibility for various uses. The property is located in the main trade area of St. Michael, directly across from Cub Foods—the city’s only grocery store—and surrounded by national retailers such as CVS, Walgreens, Subway, Domino’s, and O’Reilly Auto Parts. With traffic counts averaging 19,400 vehicles per day, the site offers strong visibility and accessibility. Positioned near multiple corporate headquarters and within a growing trade area experiencing significant commercial development, the property is just 25 minutes from Downtown Minneapolis and 35 minutes from St. Cloud.
- Signage
- Drive Thru
Nearby Major Retailers
Presented by
Highland Bank | 701 SE Central Ave E
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