Production Brewery
2540 2nd Street NE, Minneapolis, MN 55418
For Sale
Contact for pricing
The property is leased to Fulton Beer under a new absolute NNN agreement with a 15-year term.
Property Size59,882 SF
Lot Size3.00 Acres
Price / SF$154.14
Days on Market43
Property Features for 2540 2nd Street NE
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Currently Operating
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Kwekel Companies
Listed By:
Megan Snyder
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 5:35PM
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 Kwekel Companies
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Investment Insights
Based on property information with market context.
Fulton Beer’s production brewery occupies a 59,882-square-foot industrial building on a 3-acre site at 2540 2nd Street NE in Minneapolis. The facility is offered through a sale-leaseback, with the brewery entering a new 15-year absolute NNN lease at closing.
Fulton produces craft beer, hard seltzers, and THC-infused beverages, and also operates as a contract brewing partner. Its production capabilities are based at this facility.
Fulton produces craft beer, hard seltzers, and THC-infused beverages, and also operates as a contract brewing partner. Its production capabilities are based at this facility.
Key Highlights
- 59,882‑square‑foot industrial brewery building
- 3‑acre site at 2540 2nd Street NE, Minneapolis, MN 55418
- New 15‑year absolute NNN lease to Fulton Beer at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$635,879
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,717,580
$12.7M
Cap Rate 7%
$9,083,986
$9.1M
Cap Rate 9%
$7,065,322
$7.1M
Market Conditions
NOI Build-Up for 59,882 SF
Gross rent
$941.3K $15.72/SF
− Vacancy
−$32.9K −$0.55/SF
EGI
$908.4K $15.17/SF
− OpEx
−$272.5K −$4.55/SF
NOI
$635.9K $10.62/SF
Area
Minneapolis, MN
Vacancy
3.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,717,580
Cap Rate 7%
$9,083,986
Cap Rate 9%
$7,065,322
Alternative Uses
Best Use
Industrial
$9.08M
$7.95M – $10.60M
NOI $635,879 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.29M
$12.50M – $16.67M
NOI $1,000,062 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Minneapolis, MN
Frequently Asked Questions
What type of property is this?
Brewery - The property is leased to Fulton Beer under a new absolute NNN agreement with a 15-year term.
Where is this brewery located?
The property is located at 2540 2nd Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $9,230,000.
What are key features of this property?
This property features: 59,882‑square‑foot industrial brewery building; 3‑acre site at 2540 2nd Street NE, Minneapolis, MN 55418; New 15‑year absolute NNN lease to Fulton Beer at closing
