1505 11th Ave NE, Cambridge, MN, 55008-5826, US
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the unique opportunity to acquire the fee simple interest in the Waste Management Facility located in Cambridge, MN. This property offers investors stable cash flows with an investment grade tenant and a high probability of renewal. The property consists of a 47,131 square foot recycling and waste management facility located on a 15.6 acre land parcel just east of MN-65 approximately 45 miles north of Minneapolis. The building is 100% leased to Waste Management, the leading provider of comprehensive waste management services in North America.
MISSION CRITICAL FACILITY
This facility is responsible for over 40 waste and recycling trucks that cover roughly 75 miles of the far north Minneapolis - Saint Paul metro. This facility is essential for Waste Management Minnesota’s operations.
INVESTMENT GRADE CREDIT
Boasting an A- (S&P) credit rating, Waste Management also reported annual revenues of $17.9 billion in 2021 and a net income of $1.8 billion.
SINGLE TENANT NET LEASE
The tenant self manages the building and pays expenses directly, allowing for easy management for hands-off investors.
STRONG PERFORMING INDUSTRIAL MARKET
Leasing activity in the Minneapolis-St. Paul market has remained strong throughout Q2 2022, following in-creased activity in recent quarters. This helped drive down the vacancy rates and has resulted in nearly three million square feet of 2022 year-to-date net absorption.