Listing Agency: Matthews

Listed By: Jack Lenihan · License #TX 712201

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 2:07AM

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Investment Insights

Based on property information with market context.

This NNN property portfolio includes industrial assets associated with FedEx, Ferguson, and FleetPride across Minnesota and Wisconsin. The offering is structured around established national tenants and carries a reported 6.68% cap rate.

One identified property is located at 8584 Hwy 23 Frontage Rd NE in Spicer, Minnesota 56288. The portfolio is classified within NNN properties and includes distribution center and industrial property classifications.

Key Highlights

• NNN property portfolio spanning Minnesota and Wisconsin
• Reported 6.68% cap rate
• Tenant affiliations include FedEx, Ferguson, and FleetPride

Property Analytics

Property Profile

Current Use

FleetPride Auto Parts Store FleetPride Service Center Auto Repair Shop

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Explore this area Business Placement

Demographics for 56288, MN

4,623

Population

2,773

Households

1.7

Avg Household Size

50

Median Age

34%

College-Educated

97%

High-School Grad

48.8 sq mi

ZIP Area

95

Density / Sq Mi

$105,000

Median Household Income

$50,302

Median Earnings

$818

Median Rent

$380,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Industrial portfolio leased to established national occupiers across Minnesota and Wisconsin.

Where is this nnn property located?

The property is located at 8584 Hwy 23 Frontage Rd NE Spicer, MN.

What are key features of this property?

This property features: NNN property portfolio spanning Minnesota and Wisconsin; Reported 6.68% cap rate; Tenant affiliations include FedEx, Ferguson, and FleetPride