$1,650,000 USD
612-227-0757
18025-18033 Zane St NW
Elk River, MN 55330
Clemens & Munsinger Gardens
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
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$275 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
-
APN/PARCEL ID
75-695-0105
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612-227-0757
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612-227-0757
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