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324 Lowell Ave NE
Elk River, MN 55330

Elk River Caribou Cabin 6.79% NNN · Retail Property For Sale

Investment Highlights

  • Caribou Coffee’s modern drive-up/walk-up Cabin concept.
  • Since merging with Parera Brands, their reach has exceeded 4,000 locations and 100,000 employees.
  • 2022 construction on a high traffic corridor with right in right out a.m. traffic.
  • Caribou Coffee is a dominate regional force with strong brand recognition.
  • Current annual rent of $95,000 (6.79% cap) with 10% increase after year 5. Three additional 5-year options with 10% bumps.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
800 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.55 AC
Zoning
PUD - Planned Unit Development
Parking
36 Spaces (45 Spaces per 1,000 SF Leased)
Frontage
154 FT on Lowell Avenue Northwest

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
75-405-0190
Land Assessment
$149,700
Improvements Assessment
$96,200
Total Assessment
$245,900
  • Listing ID: 29950367

  • Date on Market: 11/2/2023

  • Last Updated:

  • Address: 324 Lowell Ave NE, Elk River, MN 55330

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