1120 & 1225 38th Ave NE Industrial FOR SALE


Sauk Rapids, MN
$10,450,000 USD
952-897-7800
, Sauk Rapids, MN for Sale
$10,450,000 USD
Industrial - FOR SALE
1/13
null | 8% Cap Rate

1120 & 1225 38th Ave NE
Sauk Rapids, MN


HIGHLIGHTS

  • Extended Lease 7.8 years (August 31, 2032) .
  • Long term occupancy (27 years).
  • Cornerstone Building Brands (NYSE, CNR).
  • NNN Lease.
  • Located within St. Cloud MSA (pop. 201,000)

OVERVIEW

Colliers is please to present for sale this single tenant, industrial investment opportunity of Thermo-Tech Premium Windows and Doors (“Thermo-Tech,” or the “Tenant”), owned by Cornerstone Building Brands, Inc. (NYSE symbol CNR.) Thermo-Tech is one of the regions leading vinyl window and door manufacturers. Tenant has been in occupancy since 1997 and experienced continued growth highlighted by four expansions since inception to 2018. Due to Thermo-Tech’s longevity to property, excellent creditworthiness and continued growth in operations , they recently extended lease to August, 2032.

ASK ABOUT THIS PROPERTY

Casey O'MalleyColliersMore Info
952-897-7800

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Casey O'MalleyColliersMore Info
952-897-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.