Leased Auto Parts Retail
For Sale
Contact for pricing
18260 Zane St NW, Elk River, MN 55330
Advance Auto Parts on a corporate NN lease with 6+ years remaining on a high-traffic outparcel near Walmart and Home Depot.
Property Size6,695 SF
Price / SF$285.30
Days on Market122
Property Features for 18260 Zane St NW
General Information
Standard status
Active
Size
6,695 SF
Property subtype
RETAIL
Site & Location
Traffic Count
53,308 vehicles/day
Highway Access
Yes
Listing Agency:
Upland Real Estate Group, Inc
(612) 332-6600
Listed By:
Keith A Sturm · License #81883
(612) 376-4488
Source:
Moodyscre
Added: Jun 24
Changed: Oct 13
Last Checked: Oct 23 at 8:02AM
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
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Investment Insights
Based on property information with market context.
This for-sale auto parts retail outparcel is leased to Advance Auto Parts under a corporate NN lease structure, with 6+ years remaining. The property is positioned to serve strong daytime consumer traffic as an outparcel location to Walmart and The Home Depot.
The site offers visibility off Highway 169, a heavily traveled north-south corridor with average traffic counts reported at 53,308 vehicles per day. It is situated along Zane Street NW within Elk River’s primary retail corridor, supporting convenient access to a dense mix of national retailers and dining options.
Additional nearby tenants listed include PetSmart, Tractor Supply, Panera Bread, Chipotle Mexican Grill, and Caribou Coffee, along with numerous other retail and dining destinations. Elk River is described as a fast-growing community about 35 miles northwest of Minneapolis, with a population of 47,467 within five miles.
The site offers visibility off Highway 169, a heavily traveled north-south corridor with average traffic counts reported at 53,308 vehicles per day. It is situated along Zane Street NW within Elk River’s primary retail corridor, supporting convenient access to a dense mix of national retailers and dining options.
Additional nearby tenants listed include PetSmart, Tractor Supply, Panera Bread, Chipotle Mexican Grill, and Caribou Coffee, along with numerous other retail and dining destinations. Elk River is described as a fast-growing community about 35 miles northwest of Minneapolis, with a population of 47,467 within five miles.
Key Highlights
- Advance Auto Parts on a corporate NN lease with 6+ years remaining
- High‑traffic outparcel near Walmart and The Home Depot with strong consumer traffic throughout the day
- Strong visibility off Highway 169 (53,308 vehicles per day average traffic counts)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,458
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,160
$1.6M
Cap Rate 7%
$1,177,971
$1.2M
Cap Rate 9%
$916,200
$916.2K
Market Conditions
NOI Build-Up for 6,695 SF
Gross rent
$126.9K $18.96/SF
− Vacancy
−$9.1K −$1.37/SF
EGI
$117.8K $17.59/SF
− OpEx
−$35.3K −$5.28/SF
NOI
$82.5K $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%
$1,649,160
Cap Rate 7%
$1,177,971
Cap Rate 9%
$916,200
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,458 @ 7.0% cap · market cap 4.32%
Second Best
Industrial
$1.04M
$909.2K – $1.21M
NOI $72,733 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,810 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
53,308 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
284k
Monthly Visits Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Walmart Auto Care Centers — 18185 Zane St NW, Elk River, MN 55330
- Roads R' Us Towing — 554 3rd St NW suite 3, Elk River, MN 55330
- Midas — Elk River, MN 55330
- Valvoline Instant Oil Change — 18298 Zane St NW, Elk River, MN 55330
- A J's Complete Automotive — 279 Carson St NW, Elk River, MN 55330
Frequently Asked Questions
What type of property is this?
Auto shop - Advance Auto Parts on a corporate NN lease with 6+ years remaining on a high-traffic outparcel near Walmart and Home Depot.
Where is this auto shop located?
The property is located at 18260 Zane St NW Elk River, MN.
What is the asking price?
The asking price for this property is $1,910,100.
What are key features of this property?
This property features: Advance Auto Parts on a corporate NN lease with 6+ years remaining; High‑traffic outparcel near Walmart and The Home Depot with strong consumer traffic throughout the day; Strong visibility off Highway 169 (53,308 vehicles per day average traffic counts)
