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Advance Auto Parts 18260 Zane St NW 6,695 SF Retail Building Elk River, MN 55330 $2,644,648 CAD ($395.02 CAD/SF) 5.75% Cap Rate
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 $138,772 and population of 49,273.
- 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
$2,644,648 CAD
Price Per SF
$395.02 CAD
Cap Rate
5.75%
NOI
$152,066 CAD
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 75-693-0110 | Improvements Assessment | $621,236 CAD |
| Land Assessment | $548,459 CAD | Total Assessment | $1,169,695 CAD |
Property Taxes
Parcel Number
75-693-0110
Land Assessment
$548,459 CAD
Improvements Assessment
$621,236 CAD
Total Assessment
$1,169,695 CAD
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Advance Auto Parts | 18260 Zane St NW
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