Goodwill - Eagan_Property for Sale
Goodwill - Eagan_Property for Sale
1247 Northwood Pkwy, Eagan, MN, 55121, US

Goodwill - Eagan

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a single-tenant net lease Goodwill located in Eagan, MN within the Minneapolis-Saint Paul MSA. The building has been occupied by Goodwill Easter-Seals Minnesota (GESM) since its construction in 2006, and the tenant has nearly 10 years of term remaining on their lease. The lease has an absolute NNN structure, eliminating landlord responsibilities.

 

GESM has over 100 years of sustained operating success and has 45 retail locations across the Midwest. The organization employs over 2,000 people and posted over $116 million in revenue in 2021. The property is located within the primary commercial corridor in Eagan and is surrounded by brand-name retail tenants such as Walmart, Best Buy, and TJ Maxx. The property is ideally situated across from Home Depot and benefits from easy access to Interstate 35E, which carries an impressive 96,100 vehicles per day.

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Attributes

Asking Price
SGD 7,567,000
Building area Gross
1,914 m²
Occupancy
100.00%
Year built
2006
Land area Gross
1.35 ha (13,476 m²)
Cap Rate
6.25%
NOI
SGD 473,000

Media

Investment Highlights

  • Single-tenant absolute net lease with nearly 10 years of term
  • Established organization with over 100 years of operating history
  • Located within primary commercial corridor of Twin Cities' suburb
  • Affluent demographics with higher-than-average retail spending
  • Easy access to I-35E, which carries 96,100 vehicles per day

Contact brokers

Goodwill - Eagan (0 Properties)

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Last updated
13 Apr 2023