Duong Investment Group

MN Eagan Trucking Terminal

3303 Terminal Drive, Eagan, MN 55121

Property Description

Price: $11,355,000
Land Area: ±6.75 Acres
Cap Rate: 6.50%
Gross Leasable Area: ±18,176 SF

Investment Highlights

Brand New Long-Term Leases

Strong Mix of National Brands

High Annual Increases

 

Industrial Property in Excellent Condition

  • Large Lot with Over 6 Acres
  • 18,176 SF Trucking Repair Facility with Attached Driver’s Lounge
  • High Barriers of Entry into this Market for this Use Due to Zoning Restrictions
  • Asphalt Paved Parking Lot with 170 Parking Spaces
  • Concrete Tilt-Up Construction

Strong Corporate Guarantees

  • NNN Industrial Property with Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market
  • Schneider Trucking is a Publicly Traded Company (NYSE: SNDR) with Revenue in Excess of $5.6 Billion Resulting in a YOY Increase of 23%
  • Schneider Trucking has Over 50,000 Carriers
  • McLane Foodservice is One of the Largest Supply Chain Service Leaders in the Country with Revenue in Excess of $50 Billion
  • McLane Company Inc is Wholly Owned by Berkshire Hathaway Inc (NYSE: BRK)

Pride of Ownership Property in Eagan, MN

  • Dense, Infill Area with Over 159,452 Residents within 5 Miles of the Subject Property
  • Affluent Area with an Average Household Income Exceeding $107,482 within 5 Miles
  • Located within 6 Miles of the Minneapolis-Saint Paul International Airport
  • Located in a Industrial Area with National Brands such as Ryder Truck Rental, Reliable Property Services, Jomar Freight Delivery, Brill Inc, Blue Cross Health, U-Haul, Citi Cargo, and many more

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643