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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 the 1960s in Connecticut as a sandwich shop founded by Fred DeLuca with support from Peter Buck, and the business later grew through franchising in the 1970s. The company has since expanded into a large restaurant brand with a broad menu centered on sandwiches, salads, and wraps. Subway also offers catering and online ordering, and its restaurants operate through a franchise network serving guests across a wide international presence.
| 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 | $424,500 |
| Land Assessment | $355,500 | Total Assessment | $780,000 |
Property Taxes
Contact the Sale Advisor
18025-18033 Zane St NW