Overview
Newmark Group (“Newmark”) is pleased to present the rare opportunity to acquire the 100% occupied, single tenant Valley Motor Sports building (the “Property”), located at the intersection of Yankee Doodle Road and Dodd Road in Eagan, MN. Valley Motor Sports has been a tenant of the building since 2009 and recently exercised a 5-year below market lease option with 3% annual rent increases expiring February 2031.
Additionally, two adjacent industrial buildings (625 Yankee Doodle Road and 635 Yankee Doodle Road) are also for sale.
Investment Highlights
Below Market Rent: Tenant’s current annual rent of $6.22 PSF is arguably 30% below current market rent.
Outside Storage: The Property has abundant fenced-in outside storage. The tenant is paying significantly below market rent of just $0.33 PSF on 2,500 SF.
Recent Renewal: After 16 years of tenancy, Valley Motor Sports recently extended its lease for an additional 5 years to February 28, 2031.
Annual Rent Increases: The lease extension includes 3% annual rent increases.
Corner Signalized Location: The Property is situated on the “Hard Corner” with exceptional visibility and convenient access to multiple state and interstate highways allowing for efficient freight movement.
Affluent Community: Within 3 miles of the Property, the population is approximately 40,692 with an average household income of $118,000.
Expansive Land Parcel: The existing land parcel is oversized, potentially providing opportunities for subdivision and/or expansion of the building footprint.
Highly Desirable Location:
• Eagan, Minnesota
• Intersection of Dodd Road and Yankee Doodle Road
• Signalized Intersection
Photo Gallery
