Eagan Cross-Dock Facility For
For Sale
Contact for pricing
Pending
635 Yankee Doodle Rd, Eagan, MN 55121
100% occupied cross-dock facility with long-term lease in Eagan.
Property Size9,250 SF
Days on Market155
Property Features for 635 Yankee Doodle Rd
General Information
Standard status
Pending
Size
9,250 SF
Property subtype
Industrial
Building Details
Year Built
1987
Listing Agency:
Newmark - Minneapolis
(612) 440-0010
Listed By:
Tim Prinsen · License #MN 20006389
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
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 Newmark - Minneapolis
Investment Insights
Based on property information with market context.
The property is a 100% occupied, single-tenant cross-dock facility leased to Rude Transportation Company. The property is located at the intersection of Yankee Doodle Road and Dodd Road in Eagan, MN. Rude Transportation Company has been a tenant of the building since 2018 and recently executed a 5-year lease renewal with 5% annual rent increases and a lease expiration of February 2031. The property contains 9,250 square feet. Additionally, two adjacent industrial buildings (625 Yankee Doodle Road and 3380 Dodd Road) are also for sale. The property is suitable for truck terminal and other commercial real estate uses.
Key Highlights
- 100% Occupied Property
- Single Tenant
- Tenant recently executed a 5‑year lease renewal
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,023
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,440,460
$2.4M
Cap Rate 7%
$1,743,186
$1.7M
Cap Rate 9%
$1,355,811
$1.4M
Market Conditions
NOI Build-Up for 9,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$149.9K $16.20/SF
− Vacancy
−$6.3K −$0.68/SF
EGI
$143.6K $15.52/SF
− OpEx
−$21.5K −$2.33/SF
NOI
$122.0K $13.19/SF
Area
Dakota County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,440,460
Cap Rate 7%
$1,743,186
Cap Rate 9%
$1,355,811
Alternative Uses
Best Use
Warehouse
$1.74M
$1.53M – $2.03M
NOI $122,023 @ 7.0% cap · market cap 4.16%
Second Best
Industrial
$1.44M
$1.26M – $1.67M
NOI $100,489 @ 7.0% cap · market cap 3.43%
Theoretical Best
Healthcare Medical
$2.28M
$1.99M – $2.66M
NOI $159,341 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 55121, MN
9,468
Population
4,296
Households
2.2
Avg Household Size
36
Median Age
42%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
986
Density / Sq Mi
$86,929
Median Household Income
$51,450
Median Earnings
$1,630
Median Rent
$299,500
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?
Truck terminal - 100% occupied cross-dock facility with long-term lease in Eagan.
Where is this truck terminal located?
The property is located at 635 Yankee Doodle Rd Eagan, MN.
What is the asking price?
The asking price for this property is $2,930,000.
What are key features of this property?
This property features: 100% Occupied Property; Single Tenant; Tenant recently executed a 5‑year lease renewal
