MN Eagan Trucking Terminal
3303 Terminal Drive, Eagan, MN 55121
Property Description
Price: $10,570,000
Price Per/SF: $114.83
Land Area: ±6.75 Acres
Cap Rate: 6.00%
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
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643