Leased Multi-Tenant Retail
18170 Zane St NW Elk River, MN 55330
18170 Zane St NW, Elk River, MN, 55330
Contact for pricing
For Sale
Contact for pricing
100% leased retail asset anchored by Subway and Batteries Plus with defined 5-year options and annual rent escalations.
Property Size3,860 SF
Price / SF$427.46
Days on Market93
Property Features for 18170 Zane St NW
General Information
- Standard status
- Active
- Size
- 3,860 SF
- Property subtype
- RETAIL
Listing agency
Upland Real Estate Group, Inc
(612) 227-0757
Listed by
Joshua Huempfner
(612) 227-0757
Source
Moodyscre
Added: Apr 21 Updated: Jul 22 at 7:21AM Checked: Jul 22 at 7:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Upland Real Estate Group, Inc
Investment Insights
Based on property information with market context.
This multi-tenant retail asset is 100% leased and operates with a dual income stream across two service-oriented national tenants. The property includes Subway and Batteries Plus, providing diversified retail exposure within a single ownership.
Subway is expected to exercise a 5-year option with 2% annual increases. Batteries Plus includes a 5-year option with 3% annual increases. The offering is for sale at 18170 Zane St NW in Elk River, Minnesota, totaling 3,860 square feet.
Subway is expected to exercise a 5-year option with 2% annual increases. Batteries Plus includes a 5-year option with 3% annual increases. The offering is for sale at 18170 Zane St NW in Elk River, Minnesota, totaling 3,860 square feet.
Key Highlights
- 100% leased multi‑tenant retail asset anchored by Subway and Batteries Plus
- Two service‑oriented users create a dual income stream
- Subway has an expected 5‑year option with 2% annual rent increases
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.2k | $18.96 |
| − Vacancy | −$5.3k | −$1.37 |
| EGI | $67.9k | $17.59 |
| − OpEx | −$20.4k | −$5.28 |
| NOI | $47.5k | $12.32 |
3,860 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$679.2K
$594.3K – $792.4K
NOI $47,541 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$920.9K
$805.8K – $1.07M
NOI $64,464 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 100% leased retail asset anchored by Subway and Batteries Plus with defined 5-year options and annual rent escalations.
Where is this retail space located?
The property is located at 18170 Zane St NW Elk River, MN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 100% leased multi‑tenant retail asset anchored by Subway and Batteries Plus; Two service‑oriented users create a dual income stream; Subway has an expected 5‑year option with 2% annual rent increases
