Overview
Newmark Group (“Newmark”) is pleased to present the rare opportunity to acquire the 100% occupied, single tenant, Rude Transportation cross-dock facility (the “Property”), located at the intersection of Yankee Doodle Road and Dodd Road in Eagan, MN. Rude Transportation Company has been a tenant of the building since 2018 and recently executed a 5-year lease renewal with 5% annual rent increases and a lease expiration of February 2031.
Additionally, two adjacent industrial buildings (625 Yankee Doodle Road and 3380 Dodd Road) are also for sale.
Investment Highlights
Rare Cross-Dock Facility: 24 docks with convenient and easy access to Minnesota Highways 149 and 55 as well as Interstates 494 and 35E.
Abundant Trailer and Truck Storage: 3.3 acres of paved and fenced-in storage area, providing additional revenue to the owner for outside storage
Recent Renewal: After 8 years of tenancy, Rude Transportation Company recently renewed its lease for an additional 5 years to February 28, 2031.
Annual Rent Increases: The recent lease renewal includes 5% annual rent increases.
New Roof: A new roof was installed in December 2021.
Established in 1925: Rude transportation recently celebrated its 100-year business anniversary.
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
• Full Drive access to Dodd Road
Photo Gallery
