Starbucks, Sprint and Leeann Chin - Elk River, MN



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  • Starbucks Elk River, MN

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Price: $2,409,363 Address: 19171-19179 Freeport Ave City: Elk River Zip: 55330 Year Built: 1999 State: None Country: USA

Full Description:

Starbucks, Sprint and Leeann Chin

19171-19179 Freeport Ave

Elk River, MN 55330

SBUX | Sprint | LeeAnn | 100% Net Lease

Price      $2,409,363          Occupancy         100%

Building Size      8,100 SF               No. Stories         1

Price/SF               $297.45                Tenancy              Multiple

Property Type   Retail     Year Built            1999

Property Sub-type          Free Standing Bldg          Lot Size 65,340 SF

Property Use Type          Net Lease Investment with 10+ years left on lease           APN / Parcel ID 75-560-0305

Cap Rate             6.75%    Parking Ratio     4.94 / 1,000 SF

Description

The Kase Group is pleased to offer the opportunity to acquire the 100% leased shopping center in Elk River, MN. The property consists of roughly 8,100 square feet of building space leased to Starbucks, Sprint and Leeann Chin. The property benefits from sitting on a commercial thoroughfare surrounded by major retailers including Cub Supermarket and JoAnn Fabrics, and within close proximity to The Home Depot and Walmart Supercenter. Average daily traffic counts exceed 45,000 VPD on highway 169.

Elk River is a city in Sherburne County, Minnesota, about 34 miles northwest of Minneapolis. It is situated at the confluence of the Mississippi and Elk Rivers. The population was 22,974 at the 2010 census. It is the county seat. The city's population exceeded 20,000 as of year 2005. U.S. Highways 10 and 169 and State Highway 101 are three of the main routes in Elk River, and a station on the Northstar Commuter Rail line to downtown Minneapolis is located in the city. Elk River is located 33.2 miles northwest of Minneapolis and 37.4 miles southeast of St. Cloud.

Highlights

NET LEASED OFFERING 100% LEASED THREE TENANT SHOPPING CENTER WELL SITUATED ON A MAJOR COMMERCIAL THOROUGHFARE DESIRABLE MINNEAPOLIS LOCATION OCCUPIED BY STRONG NATIONAL RETAILERS STRONG TRAFFIC COUNTS IN EXCESS OF 45,000 VPD

Financial Summary (Actual) Net Operating Income          $162,632

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Courtesy of: WOLFGANG SCHWARZ - Information available through the Multiple Listing Service (MLS) believed accurate is not warranted.

Miscellaneous

Status: Active Lot Size: 65340 Square Feet: 8,100Waterfront: no

Agent Info

Listings within 50 Mile(s) of Starbucks, Sprint and Leeann Chin - Elk River, MN

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This listing was created on 2017-05-28 and has been viewed 827 times

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