7800 Leqve Dr SW - Warehouse FOR SALE


Rochester, MN 55902- Historic Southwest
$14,400,000 USD
332-345-4222
7800 Leqve Dr SW, Rochester, MN for Sale
$14,400,000 USD
Warehouse - FOR SALE
1/2
null | 6% Cap Rate

7800 Leqve Dr SW
Rochester, MN 55902
Historic Southwest


HIGHLIGHTS

  • Lease Guaranty from FedEx Corporation (NYSE: FDX)
  • Mission-Critical Location
  • Successful 20+ Year Operating History

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Federal Express located at 7800 Leqve Dr SW, Rochester, MN 55902. The site consists of roughly 66,525 rentable square feet of building space on an estimated 8.71-acre parcel of land. This Federal Express is subject to a 20-year Double Net (NN) lease, which commenced 11/23/1998. The current annual rent is $864,050. 10-year lease extension is currently being negotiated.

FOR SALE DETAILS

PRICE

$14,400,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

26 Ft

DOCKS

6

DRIVE INS

18

PARKING SPACES

84

LAND DETAILS

LAND ACRES

8.71

LAND SF

379,408

ZONING

Commercial

APN/PARCEL ID

54.10.43.051634

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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