- 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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Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
58/100
Somewhat Walkable
-
Bike Score ®
46/100
Somewhat Bikeable
- City Elk River, MN
- Neighborhood Elk River
- Zip Code 55330
- Market Suburban Twin Cities
Points of Interest
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Elk River
1.49 miles
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Depot
5.17 miles
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Ramsey
6.62 miles
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Big Lake
8.80 miles
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Exxon
0.01 miles
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Speedway
0.14 miles
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Shell
1.22 miles
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Holiday
1.56 miles
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BP
1.78 miles
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Holiday
2.73 miles
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Kwik Trip
3.41 miles
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Gas Station
5.03 miles
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Kwik Trip
6.27 miles
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Emma's Gas Station
6.34 miles
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Elk River
0.09 miles
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Woodland Trails
3.29 miles
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Natural/Grass Surface Parking Lot,
3.64 miles
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Parking Lot, Otsego WMA
4.60 miles
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Overflow Parking
5.17 miles
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Ramsey Town Center
6.61 miles
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Truck Parking
7.20 miles
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Truck Parking
7.24 miles
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Rogers Park-n-Pool Lot
7.27 miles
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North Parking Lot
7.86 miles
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Chipotle
0.14 miles
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Panera Bread
0.15 miles
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Jimmy John's
0.16 miles
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New China Dragon
0.16 miles
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Domino's
0.17 miles
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Subway
0.18 miles
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Sonic
0.18 miles
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Noodles & Company
0.21 miles
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Burger King
0.66 miles
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Pompeii Pizzeria
0.69 miles
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Walmart Supercenter
0.23 miles
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Cub Foods
1.17 miles
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Coborn's
1.45 miles
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Coborn's
1.69 miles
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Target Grocery
1.73 miles
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ALDI
1.75 miles
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Target
1.75 miles
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General Store
5.06 miles
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Coborn's Superstore
6.26 miles
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Cub Foods
6.69 miles
Frequently Asked Questions
What is the lease rate for 18296 Zane St NW?
Rental asking rate at 18296 Zane St NW is $3,750,000.00/YR.
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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