Industrial Sale-Leaseback
For Sale
Contact for pricing
Pending
2001 S HWY 61, Lake City, MN 55041
Industrial building offered on a new 10-year NNN lease with annual rent increases.
Property Size176,337 SF
Lot Size8.06 Acres
Days on Market83
Property Features for 2001 S HWY 61
General Information
Standard status
Pending
Size
176,337 SF
Lot size
8.06 Acres
Property subtype
Industrial
Zoning
LI - Light Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Building Details
Year Built
1965
Buildings
2
Stories
1
Units
1
Tenancy
Single
Listing Agency:
TaTonka Real Estate Advisors
Listed By:
Tim Stewart · License #MN 20292325
(612) 466-7300
Source:
Crexi
Added: Jun 15
Changed: Aug 15
Last Checked: Aug 14 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TaTonka Real Estate Advisors
Investment Insights
Based on property information with market context.
TaTonka Real Estate Advisors is pleased to offer the sale-leaseback of Valley Craft’s 176,337-square-foot industrial building on an 8.06-acre site at 2001 S Hwy 61 in Lake City, MN. Valley Craft will execute a new 10-year NNN lease at closing.
The lease is signed by Ballymore Corporation (parent company) for the first year of the term. The NNN lease includes 2.5% annual increases, with market rent stated at $4.50 per square foot. Reported Year 1 NOI is $793,517, and the offering notes significant capital investments into the facility and machinery.
This is a purpose-built industrial asset structured for a stabilized NNN lease beginning at closing, with the tenant party identified as Ballymore Corporation (parent company).
The lease is signed by Ballymore Corporation (parent company) for the first year of the term. The NNN lease includes 2.5% annual increases, with market rent stated at $4.50 per square foot. Reported Year 1 NOI is $793,517, and the offering notes significant capital investments into the facility and machinery.
This is a purpose-built industrial asset structured for a stabilized NNN lease beginning at closing, with the tenant party identified as Ballymore Corporation (parent company).
Key Highlights
- 176,337 SF industrial building on an 8.06‑acre site, built in 1965
- New 10‑year NNN sale‑leaseback lease to Valley Craft, executed at closing
- Lease signed in closing year 1 by Ballymore Corporation (parent company)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 55041, MN
7,800
Population
3,825
Households
2
Avg Household Size
49
Median Age
31%
College-Educated
96%
High-School Grad
143.9 sq mi
ZIP Area
54
Density / Sq Mi
$83,673
Median Household Income
$47,845
Median Earnings
$992
Median Rent
$265,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building offered on a new 10-year NNN lease with annual rent increases.
Where is this manufacturing property located?
The property is located at 2001 S HWY 61 Lake City, MN.
What are key features of this property?
This property features: 176,337 SF industrial building on an 8.06‑acre site, built in 1965; New 10‑year NNN sale‑leaseback lease to Valley Craft, executed at closing; Lease signed in closing year 1 by Ballymore Corporation (parent company)
