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33860356
33860357

18260 ZANE ST NW, ELK RIVER, MN 55330-4501

KS
MN 81883
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
DV
MN 20103724
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc
$1,910,100
8 days on market
Updated 8 days ago

Advance Auto Parts

Details
APN 75-00693-0110
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 6,831
Units 1
Cap Rate 5.75%
NOI $109,830
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NN
Lease Term 9
Lease Expiration 09/01/2032
Remaining Term 6.2
Rent Bumps Yes
Lease Options Three 5-Year w/ 5% Increases
Price per SqFt $280
Year Built 2003
Acreage 0.910
Lease Commencement 09/21/2023
Ground Lease No

Advance Auto Parts | Walmart & Home Depot Outparcel

Marketing description

The Advance Auto Parts in Elk River, Minnesota is strategically positioned along Zane Street NW, one of the city’s primary commercial corridors with convenient access to Highway 169 and nearby residential neighborhoods. The property benefits from strong visibility and accessibility within a well-established retail trade area with nearby retailers including Walmart, The Home Depot, PetSmart, Chipotle, Caribou Coffee, and much more.

Investment highlights

• Advance Auto Parts is on a Corporate NN lease with 6+ years remaining.

• Positioned on a high-traffic outparcel to Walmart and The Home Depot, generating strong consumer traffic throughout the day.

• Nearby national retailers include PetSmart, Tractor Supply, Panera Bread, Chipotle Mexican Grill, Caribou Coffee, and numerous additional retail and dining destinations.

• Strong visibility off of Highway 169, a heavily traveled north-south corridor connecting the Twin Cities metro to central Minnesota, with average traffic counts of 53,308 vehicles per day.

• Strategically located along Zane Street NW in the primary retail corridor of Elk River with excellent visibility and convenient access.

• 5-mile average household income of $129,35 and population of 47,467.

• Advance Auto Parts is one of the largest automotive aftermarket parts retailers in North America, operating more than 4,300 stores across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.

• Elk River, Minnesota is a fast-growing community located about 35 miles northwest of Minneapolis. Known for its blend of small-town charm and outdoor recreation, Elk River offers residents and visitors a scenic setting with historic downtown shops, local restaurants, and easy access to the Twin Cities.

Listing Contacts

KS
MN 81883
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
DV
MN 20103724
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$109,830.00
$9,152.50/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Map

Zoning

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PUD PlannedPlanned Unit Development
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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