1271 Yankee Doodle Rd - Supermarket FOR SALE


Eagan, MN 55121- Mendota Heights
$14,000,000 USD
612-963-6220
1271 Yankee Doodle Rd, Eagan, MN for Sale
$14,000,000 USD
Supermarket - FOR SALE
1/9
null | 6.72% Cap Rate

1271 Yankee Doodle Rd
Eagan, MN 55121
Mendota Heights


HIGHLIGHTS

  • New Construction & Lease: Rent Commencement April 8, 2023 | 15 Year Lease | 10% Rent Increase Year 6 and 11
  • Investment Grade Credit: AA+ S&P Rated Credit
  • Dominant Retail Trade Area: Must Have Location for Most Major Retailers | Significant Barriers to Entry | 1.95M SF of Retail within 1 Mile
  • Easy Access to Freeway: Located at Signalized Intersection of Yankee Doodle Rd & Denmark Ave
  • Exceptional Demographics: AHHI of $135,340 | Population within 5 Miles: 116,895 | Daytime Population within 5 Miles: 145,036
  • Stable and Predictable Cash Flows: 100% Occupied through 2038 | Rent Increases Within Hold Period

OVERVIEW

Newmark is pleased to present the opportunity to acquire the 100% fee simple interest in a STNL building located at 1271 Yankee Doodle Road, Eagan, MN (the "Property"). The Tenant has a 15-year lease which commenced on April 8, 2023, featuring an attractive rent schedule with rent increases of 10% every five years. The lease is guaranteed by the Tenant's parent company. The lease does not allow the use of the Tenant's name for marketing purposes. The Tenant executed a sublease with Acme Electric Motor, Inc., d/b/a Acme Tools, in September 2024 under the same terms and conditions as prescribed in the primary lease. Acme Tools, as subtenant, is presently completing the tenant improvements outlined in the sublease. Acme Tools will commence paying rent to the Sublandlord on April 1, 2025. The Tenant will pay rent to the property owner, and it should be noted, the Tenant has timely made all rent payments due under the lease.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

Commercial

APN/PARCEL ID

10-77070-01-010

ASK ABOUT THIS PROPERTY

Tim PrinsenNewmarkMore Info
612-963-6220

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Tim PrinsenNewmarkMore Info
612-963-6220

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