324 Lowell Ave NE | Elk River, MN 55330
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- LoopNet Team
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
| Parcel Number | 75-405-0190 | Improvements Assessment | $138,275 |
| Land Assessment | $215,174 | Total Assessment | $353,449 |
PROPERTY TAXES
Parcel Number
75-405-0190
Land Assessment
$215,174
Improvements Assessment
$138,275
Total Assessment
$353,449
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