List Search

18025-18033 Zane St NW
Elk River, MN 55330 Clemens & Munsinger Gardens

$1,650,000 USD

Freestanding For Sale  •  6,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 6,000 SF
  • Lot Size 0.8 AC
  • Building Class C
  • Year Built 2004
  • Cap Rate 6.50 %
  • Tenancy Multiple
0 Transit Score
50 Walk Score

Highlights

100% leased multi-tenant retail asset with national tenants
Dual income stream diversifies risk across two service-oriented users
Subway expected to exercise 5-year option with 2% annual increases
Batteries Plus includes 5-year option with 3% annual increases
Attractive price point for investors seeking near-term yield with upside

Property Flyers

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Batteries Plus Bulbs
Subway

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Elk River Station (Northstar Corridor - Northstar Commuter Rail) 5 min - 1.7 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 49 min - 44.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Joshua Huempfner 612-227-0757 Upland Real Estate Group
Joshua Huempfner 612-227-0757 Upland Real Estate Group