Leased Auto Parts Retail
18260 Zane St NW Elk River, MN 55330
For Sale
Contact for pricing
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 Market31
Property Features for 18260 Zane St NW
General Information
- Standard status
- Active
- Size
- 6,695 SF
- Property subtype
- RETAIL
Listing Agency:
Upland Real Estate Group, Inc
(612) 376-4488
Listed By:
Keith A Sturm · License #20103724
(612) 376-4488
Source:
Moodyscre
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 12:19PM
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 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 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 | $126.9k | $18.96 |
| − Vacancy | −$9.1k | −$1.37 |
| EGI | $117.8k | $17.59 |
| − OpEx | −$35.3k | −$5.28 |
| NOI | $82.5k | $12.32 |
6,695 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Valvoline Instant Oil Change — 18298 Zane St NW, Elk River, MN 55330
- Walmart Auto Care Centers — 18185 Zane St NW, Elk River, MN 55330
- Midas — Elk River, MN 55330
- Roads R' Us Towing — 554 3rd St NW suite 3, Elk River, MN 55330
- A J's Complete Automotive — 279 Carson St NW, Elk River, MN 55330
FAQs
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)
