National LTL Freight Carrier

1709 East 63rd Street North - Sioux Falls South Dakota 57104

LTV (Loan to Value)	65.00%	Current NOI	$378,200.00
Interest Rate	4.250%	Capital Rate	6.550%
Fixed Term	10 Years	Land Area	13.00 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$3,753,129.90	Property Type	Industrial
Payment	$20,332.13	Property Lease	Terminal
Bulding Size	18,870 SF	Remaining Terms	8.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in a motor freight terminal leased to a national LTL motor carrier, located at 1709 East 63rd Street North in Sioux Falls, South Dakota (the “Property”). The Property boasts an excellent logistics location as it is situated near the intersections of Interstate 90, Interstate 229 and Interstate 29, and it is located with direct proximity to Sioux Falls Regional Airport. The Property’s location allows the Tenant to provide freight service to all of Sioux Falls metropolitan area and its surrounding regions. Positioned in the northern portion of the fastest growing metro in South Dakota and 47th fastest growing metro in the U.S., the Property is located near most of the industrial and business users in the region.

Highlights

Ten Year Term – Ten (10) Year Initial Base Lease Term Commenced in December 2013 – Approximately Eight and a…

Property Description

Sioux Falls is the largest city in South Dakota. It is the county seat of Minnehaha County, and also extends into Lincoln County to the south. It is the 47th fastest growing city in the United States and the fastest growing metro area in South Dakota, with a total population increase of 22% since 2000. Partially due to the lack of a state corporate income tax, Sioux Falls is the home of a number of financial companies. The largest employers among these, and fourth and fifth largest employers overall, are Wells Fargo and Citigroup. The combination of low business costs and a dependable, well trained workforce are among the many reasons companies choose to do business in Sioux Falls. Ranked No. 1 on Forbes' list of Best Small Places for Business and Careers nine of the last 10 years, this community has provided a home base for growth in the financial services, medical and renewable energy industries because of its expertise in manufacturing, research and back-office operations.