About 324 Lowell Avenue Nw
6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 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.
Features of 324 Lowell Avenue Nw
| MLS® # | 6431730 |
|---|---|
| Price | $1,450,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 2022 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 324 Lowell Avenue Nw |
|---|---|
| Subdivision | Village Elk River |
| City | Elk River |
| County | Sherburne |
| State | MN |
| Zip Code | 55330 |
Amenities
| Garages | Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Metal |
| Construction | Brick/Stone, Fiber Cement, Metal Siding, Wood Siding |
School Information
| District | Elk River |
|---|
Additional Information
| Days on Market | 250 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $4,444 |
Listing Details
| Office | Acuity Group |
|---|