324 Lowell AVE NW Active Save Request In-Person Tour Request Virtual Tour
Elk River,MN 55330
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 23,958 sqft
Price per Sqft $58
Subdivision Village Elk River
MLS Listing ID 6431730
Year Built 2022
Annual Tax Amount $4,444
Lot Size 0.550 Acres
Property Description
6.79% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 8.5 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
Location
State MN
County Sherburne
Community Village Elk River
Interior
Heating Forced Air
Cooling Central
Exterior
Garage Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Roof Type Metal
Building
Lot Description Corner Lot
Water City Water/Connected