Listed by Colliers - Minneapolis - St. Paul, Minnesota
$2,880,000
926 N Front St
Details
APN 001.325.001.04.040
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 22,065
Cap Rate 7.50%
NOI $216,000
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 09/29/2034
Rent Bumps Yes
Lease Options 5 x 1yr renewal options
Price per SqFt $131
Year Built 1988
Year Renovated 1993
Acreage 10.500
Investment Type Net Lease
Lease Commencement 09/30/2024
Ground Lease No
Dock High Doors 17
10 Year Fully Leased Industrial Investment
Marketing description
Colliers is pleased to present an opportunity to acquire this single-tenant industrial investment in New Ulm, MN. This 22,065 SF truck terminal is situated on 10.5 acres and is leased to D & A Truck Line (a True North Company). Founded in 1959, they now move LTL from Minneapolis to Southern Minnesota with regional freight across MN, IL, IA, WI, and SD as well as OTR freight on the East Coast and Southeast.
Home to Kraft Foods, 3M, AMPI, and more, New Ulm offers a growing business friendly environment. D&A currently occupies the entire facility and will sign a new 10 year NNN lease upon purchase, representing a unique opportunity for an investor to secure a single tenant cash flowing asset with an opportunity for continued growth.
Investment highlights
- Tenant will sign a new 10 year lease upon purchase
- Conveniently located off of Hwy 14
- Operational efficiency with cross-dock, truck shop, wash station, & office set up
- Additional truck parking in both front & back
- Annual escalations
- Triple Net lease limiting ownership responsibilities
Listing Contacts
Listed by Colliers - Minneapolis - St. Paul, Minnesota
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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