Industrial
Warehouse

Net-Leased Viracon Distribution Center - Owatonna

3100 West Bridge Street,  Owatonna, Minnesota 55060

For Sale

$8,581,000

About 3100 West Bridge Street

We are excited to present a fully leased, single-tenant warehouse/distribution center spanning over 156,500 square feet. The property is currently leased by Viracon and is guaranteed by Apogee Enterprises, a top-notch provider of architectural products and services for enclosing buildings. Apogee is renowned for its high-performance glass and acrylic products used for preservation, protection, and enhanced viewing. The lease on this property has 7+ years remaining.
Investment
NNN Investment
Yes
Single-Tenant
B
Existing
1995
1
5.93%
156,500 SqFt
156,500 SqFt
8.59 Acres
0/1000SqFt
40.0 Ft
7
12
4
Minneapolis/St. Paul
17-577-0101
Absolute NNN Lease
5.93% Cap Rate
Year 1 NOI: $508,861.52
3.00% Rental Increases Commencing March 2024
Guaranteed by Apogee Enterprises, Inc. (NASDAQ: APOG)
± 6,350 SF Office
± 150,150 SF Warehouse
Attachments & Links
FINAL_Viracon_Distribution_Center_10.1.23.pdf
Offering Memorandum

Michael Houge, CCIM, SIOR

Managing Director

NAI Legacy

275 Market Street
Suite 561
Minneapolis, MN 55405