Leased Multi-Tenant Retail
For Sale
Contact for pricing
18170 Zane St NW, Elk River, MN 55330
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 Market185
Property Features for 18170 Zane St NW
General Information
Standard status
Active
Size
3,860 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$107,317
Building Details
Year Built
2004
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Josh Huempfner · License #MN
Source:
Crexi
Added: Apr 21
Changed: Oct 2
Last Checked: Oct 20 at 6:47PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,541
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,820
$950.8K
Cap Rate 7%
$679,157
$679.2K
Cap Rate 9%
$528,233
$528.2K
Market Conditions
NOI Build-Up for 3,860 SF
Gross rent
$73.2K $18.96/SF
− Vacancy
−$5.3K −$1.37/SF
EGI
$67.9K $17.59/SF
− OpEx
−$20.4K −$5.28/SF
NOI
$47.5K $12.32/SF
Area
Sherburne County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,820
Cap Rate 7%
$679,157
Cap Rate 9%
$528,233
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
284k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 26%
Shops & Services 22%
Home Improvements & Furnishings 14%
Walmart
Superstores
93,270 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
31,112 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
17,563 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
17,398 visits/mo
0.2 miles
PetSmart
Shops & Services
14,112 visits/mo
0.2 miles
Demographics for 55330, MN
43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
