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
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Attachments
Getting around
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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
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Elk River
1.49 miles
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Depot
5.17 miles
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Ramsey
6.62 miles
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Big Lake
8.80 miles
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Exxon
0.01 miles
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Speedway
0.14 miles
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Shell
1.22 miles
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Holiday
1.56 miles
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BP
1.78 miles
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Holiday
2.73 miles
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Kwik Trip
3.41 miles
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Gas Station
5.03 miles
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Kwik Trip
6.27 miles
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Emma's Gas Station
6.34 miles
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Elk River
0.09 miles
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Woodland Trails
3.29 miles
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Natural/Grass Surface Parking Lot,
3.64 miles
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Parking Lot, Otsego WMA
4.60 miles
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Overflow Parking
5.17 miles
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Ramsey Town Center
6.61 miles
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Truck Parking
7.20 miles
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Truck Parking
7.24 miles
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Rogers Park-n-Pool Lot
7.27 miles
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North Parking Lot
7.86 miles
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Chipotle
0.14 miles
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Panera Bread
0.15 miles
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Jimmy John's
0.16 miles
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New China Dragon
0.16 miles
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Domino's
0.17 miles
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Subway
0.18 miles
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Sonic
0.18 miles
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Noodles & Company
0.21 miles
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Burger King
0.66 miles
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Pompeii Pizzeria
0.69 miles
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Walmart Supercenter
0.23 miles
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Cub Foods
1.17 miles
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Coborn's
1.45 miles
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Coborn's
1.69 miles
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Target Grocery
1.73 miles
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ALDI
1.75 miles
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Target
1.75 miles
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General Store
5.06 miles
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Coborn's Superstore
6.26 miles
-
Cub Foods
6.69 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.
