Contacts
Michael Houge
NAI Legacy
CCIM, SIOR
Garrett Farmer
NAI Legacy
Property Details
- Property Type Retail - Street Retail
- Property Size 7,882 SF
- Lot Size 1.77 Acre
- Additional Rent $368,000
- # of Floors 1
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1984
- Year Renovated 2021
- Date Updated Aug 25, 2021
Opportunity to invest in the individual property or as a portfolio (Holiday = $6,000,000, Valvoline - $1,500,000) with NO LANDLORD RESPONSIBILITIES. New 15-Year Absolute NNN Leases with 2.00% Yearly Rent Increases. Structured as a two-retail property Delaware Statutory Trust, perfect for multiple 1031 exchange investors that are eligible for 100% bonus depreciation to accredited investors only.
Diversified essential automotive retail asset
"Pandemic and Amazon Proof tenants"
Average Effective Cash on Cash Yield: 7.49%
Extensive exterior renovations to both properties as well as the central road on which the properties are located
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
58/100
Walk Score ®
-
46/100
Bike Score ®
Location
- City Elk River, MN
- Neighborhood Elk River
- Zip Code 55330
- Market Suburban Twin Cities
Points of Interest
-
Depot
5.17 miles
-
Big Lake
8.80 miles
-
Exxon
0.01 miles
-
Speedway
0.14 miles
-
Shell
1.22 miles
-
Holiday
1.55 miles
-
Kwik Trip
3.41 miles
-
Gas Station
5.03 miles
-
Emma's Gas Station
6.34 miles
-
Elk River
0.09 miles
-
Woodland Trails
3.29 miles
-
Natural/Grass Surface Parking Lot,
3.64 miles
-
Parking Lot, Otsego WMA
4.60 miles
-
Overflow Parking
5.17 miles
-
Ramsey Town Center
6.61 miles
-
Truck Parking
7.20 miles
-
Rogers Park-n-Pool Lot
7.27 miles
-
Chipotle
0.14 miles
-
Panera Bread
0.15 miles
-
Jimmy John's
0.16 miles
-
New China Dragon
0.16 miles
-
Domino's
0.17 miles
-
Subway
0.18 miles
-
Sonic
0.18 miles
-
Noodles & Company
0.21 miles
-
Buffalo Wild Wings
0.53 miles
-
McDonald's
0.54 miles
-
Walmart Supercenter
0.23 miles
-
Cub Foods
1.17 miles
-
Coborn's
1.45 miles
-
Target
1.73 miles
-
ALDI
1.75 miles
-
General Store
5.06 miles
-
Coborn's Superstore
6.26 miles
-
Kohl's
7.21 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
