Presented By: Acuity Group
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.
Presented By: Acuity Group
Basement (Y/N)No
FuelNatural Gas
AccessibilityNo Stairs Internal
Additional Parcels Y/NNo
CityElk River
Construction MaterialsBrick/Stone, Fiber Cement, Metal Siding, Wood Siding
ContingencyOther
CoolingCentral Air
CountySherburne
Current UseFood Service
Days on Market378
DirectionsHwy 10 west to left on Lowell Ave.
Garage Spaces
Gross Income95000
HeatingForced Air
High School DistrictElk River
Land Lease Y/NNo
Lender OwnedNo
Net Operating Income95000
NumberOfUnitsTotal1
Operating Expense0
PostalCityElk River
Property TypeCommercial Sale
RoofMetal
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameVillage Elk River
Tax Annual Amount4444
Tax Year2023
Tenant PaysAll Utilities, Insurance, Grounds Care, Repairs, Other, Snow Removal, Taxes
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Year Built2022
Zoning DescriptionBusiness/Commercial
Building Area Total605
Foundation Area605
InclusionsBuilding, Land, Leases
Lot Dimensions179x150x141x155
Lot FeaturesCorner Lot
Lot Size Area0
Parking FeaturesParking Lot
Road Frontage TypeCity Street, Paved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
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