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18025-18033 Zane St NW 6,000 SF 100% Leased Retail Building Elk River, MN 55330 $1,650,000 ($275/SF) 6.50% Cap Rate
Investment Highlights
- 100% leased multi-tenant retail asset with national tenants
- Subway expected to exercise 5-year option with 2% annual increases
- Attractive price point for investors seeking near-term yield with upside
- Dual income stream diversifies risk across two service-oriented users
- Batteries Plus includes 5-year option with 3% annual increases
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Batteries Plus started in 1988 when Ron Rezetko opened the first store in Green Bay, Wisconsin. The company began franchising in 1992, expanding its national presence. Batteries Plus offers batteries for consumer electronics, automotive, and specialty uses. The business added light bulbs to its product line in 2010 and began smartphone and tablet repairs in 2014. Services now include key fob programming and automotive key cutting. Batteries Plus has grown to over 700 locations across the United States.
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- Accommodation and Food Services
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Subway began in 1965 when Fred DeLuca and Peter Buck opened a submarine sandwich shop in Connecticut with a small investment and a handshake. The company grew through franchising and developed from a local sandwich shop into a global restaurant brand serving freshly made sandwiches at a value-oriented price point. Subway’s menu centers on submarine sandwiches and wraps, with additional offerings that include salads, cookies, soft drinks, and selected pizza items at some locations. The business operates through a large franchise network and maintains a significant presence across international markets while continuing to emphasize convenient, customizable meals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 75-695-0105 | Improvements Assessment | $429,600 |
| Land Assessment | $355,500 | Total Assessment | $785,100 |
Property Taxes
Presented by
18025-18033 Zane St NW
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