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18260 Zane St NW
Elk River, MN 55330
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Advance Auto Parts is on a Corporate NN lease with 6+ years remaining.
- Strong visibility off of Highway 169, a heavily traveled north-south corridor connecting the Twin Cities metro to central Minnesota.
- 5-mile average household income of $129,35 and population of 47,467.
- Positioned on a high-traffic outparcel to Walmart and The Home Depot, generating strong consumer traffic throughout the day.
- Strategically located along Zane Street NW in the primary retail corridor of Elk River with excellent visibility and convenient access.
Executive Summary
Net, Net. Landlord responsible for slab and foundation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,695 SF
Building Class
C
Year Built
2003
Price
$1,910,100
Price Per SF
$285.30
Cap Rate
5.75%
NOI
$109,830
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.92 AC
Zoning
Commercial
Parking
20 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
175’ on Zane St NW
Amenities
- Signage
Property Taxes
| Parcel Number | 75-693-0110 | Improvements Assessment | $450,100 |
| Land Assessment | $396,400 | Total Assessment | $846,500 |
Property Taxes
Parcel Number
75-693-0110
Land Assessment
$396,400
Improvements Assessment
$450,100
Total Assessment
$846,500
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