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18025-18033 Zane St NW 6,000 SF 100% Leased Retail Building Elk River, MN 55330 $2,301,915 CAD ($383.65 CAD/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 Bridgeport, Connecticut, as a submarine sandwich shop started by Fred DeLuca and Peter Buck in the mid-1960s, and the brand later expanded through franchising. The company now focuses on made-to-order sandwiches alongside salads, wraps, cookies, and other menu items served through a broad franchise system. Subway has grown into a globally recognized restaurant brand with a large international footprint and a long-standing emphasis on quick-service meals and customizable menu choices.
| 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 | $592,220 CAD |
| Land Assessment | $495,958 CAD | Total Assessment | $1,088,178 CAD |
Property Taxes
Presented by
18025-18033 Zane St NW
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