1120 38th NE Ave, Sauk Rapids, MN 56379-9672

This exceptional industrial investment opportunity in Sauk Rapids, Minnesota, presents a compelling offering with a strong 8.00% capitalization rate. The property, encompassing 196,627 square feet across two single-story buildings, sits on a 15.1-acre lot. Built between 1993 and 2018, the property features 24 dock-high doors, catering to efficient distribution and manufacturing operations. The property is currently occupied by a leading regional vinyl window and door manufacturer, Thermo-Tech Premium Windows and Doors, a subsidiary of Cornerstone Building Brands, Inc. (NYSE: CNR). This tenant has a long-standing history at the location, having occupied the space since 1997 and undergone four expansions. The current lease, a triple-net (NNN) lease, extends to August 2032, providing a secure, long-term income stream of $836,253 in net operating income (NOI). The asking price for this exceptional investment is $10,450,000. The property is conveniently located within the St. Cloud Metropolitan Statistical Area, boasting a population of 201,000. Parcel numbers are Parcel 1: 09.01162.00 and Parcel 2: 09.01156.00. This is a rare opportunity to acquire a high-performing industrial asset with a secure, long-term tenant and significant upside potential.