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324 LOWELL AVE NW ELK RIVER, MN 55330
- Commercial / Resale (MLS)
Property Details for 324 LOWELL AVE NW, ELK RIVER, MN 55330
Features
- Lot Size: 23958
- Heating: Forced Air Heating
Facts
- Year Built: 01/01/2022
- Property ID: 877597387
- MLS Number: 6431730
- Parcel Number: 75-405-0190
- Property Type: Commercial
- County: SHERBURNE
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Acuity Group
564 Dodge Ave. Ste. A
Elk River
MN
55330
Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.