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)