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18296 Zane St NW

18296 Zane St NW, Elk River, MN 55330

  • For Sale $7,500,000
  • Property Type Retail - Street Retail
  • Property Size 7,882 SF
  • Lot Size 1.77 Acre
  • Additional Rent $368,000
  • # of Floors 1
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1984
  • Year Renovated 2021
  • Date Updated Aug 25, 2021

Opportunity to invest in the individual property or as a portfolio (Holiday = $6,000,000, Valvoline - $1,500,000) with NO LANDLORD RESPONSIBILITIES. New 15-Year Absolute NNN Leases with 2.00% Yearly Rent Increases. Structured as a two-retail property Delaware Statutory Trust, perfect for multiple 1031 exchange investors that are eligible for 100% bonus depreciation to accredited investors only. 

 

Diversified essential automotive retail asset

"Pandemic and Amazon Proof tenants"

Average Effective Cash on Cash Yield: 7.49%

Extensive exterior renovations to both properties as well as the central road on which the properties are located

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Location

  • City Elk River, MN
  • Neighborhood Elk River
  • Zip Code 55330
  • Market Suburban Twin Cities

Contacts

Michael Houge

NAI Legacy

CCIM, SIOR

Garrett Farmer

NAI Legacy

Frequently Asked Questions

What is the total square footage of 18296 Zane St NW?

18296 Zane St NW totals 7,882 square feet.

When was this property built?

18296 Zane St NW was built in 1984.

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