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1271 Yankee Doodle RdEagan, MN 55121
STNL: 13+ Years
Asset ClassRetail
Occupancy100%
Square Feet: 42,570Year Built: 2022Access Data Room
$14,000,000 | 6.72% Cap Rate
overview of deal

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.

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Investment 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 Square Feet of Retail within 1 Mile
  • Vacancy Rate of <5%

EASY ACCESS TO FREEWAY

  • Located at Signalized Intersection of Yankee Doodle Rd & Denmark Ave
  • 28,500 VPD - Yankee Doodle Rd

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

Property Information

Details
Investment Type
Net Lease
Occupancy
100%
Square Footage
42,570 SF
Year Built
2022
Lease Expiration
4/8/2038
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1271 Yankee Doodle RdEagan, MN 55121

Sales Team

Tim PrinsenSenior Managing Director612-963-6220tim.prinsen@nmrk.com
Bob PoundsSenior Managing Director952-270-2497bob.pounds@nmrk.com

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