18267 Carson Ct NW, Elk River, MN
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Lease Expiration Date:
Approx. 15 years
Renewal Options:
Ten, 5-year options
Building Sq. Ft.:
14,820 sf
Rent Increases:
5% every 5 years
Site Size:
1.76 acres

Investment Highlights

  • New 15 Year NNN Walgreens with 5% rent increases every 5 years
  • Only Walgreens location in Elk River and no competition from CVS
  • Signalized hard corner location with strong traffic counts of 70,800 VPD
  • 13 year historical occupancy; profitable track record
  • National retailers in the area include Walmart, The Home Depot, Panera, Chipotle, Tractor Supply, and AutoZone, among others

Listing Agents

Connor Shell

Managing Director
407 913 9009

Graham Gold

Vice President
314 324 8792

Jordan Shtulman

Managing Principal
847 226 4133

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