Bridon Cordage

600 East 14th Street - Albert Lea MN 56007

LTV (Loan to Value)	65.00%	Current NOI	$414,710.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area	+/- 16.98 Acres
Amortization	25 Years	Lease Type	Gross
Loan Amount	$3,903,900.00	Property Type	Industrial
Payment	$21,148.91	Property Lease	Light Assembly
Bulding Size	0 SF	Remaining Terms	Approx. 3 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 two-building industrial and manufacturing facility located at 600 East 14th Street in Albert Lea, Minnesota (the “Property”). The Property is situated along the Union Pacific Rail Line at the intersection of U.S. Route 65 and Interstate 35, just south of Interstate 90. Albert Lea is roughly 100 miles south of Minneapolis and 110 miles west of the Mississippi River.

Highlights

Proximity to Major Arterials Providing Access to Major Midwest Cities – Property is located in close proximity of U.S. Route…

Property Description

Albert Lea is a city in south central Minnesota and the county seat of Freeborn County, Minnesota. The city is at the junction of Interstates 35 and 90, and is approximately 90 miles south of Minneapolis-St. Paul. Albert Lea is serviced by two interstate bus lines, numerous motor carriers, two railroad lines and a small municipal airport, which is equipped with two paved runways. In 2010, the population was 18,016 and the average household income was roughly $33,000.Albert Lea is situated on the shores of six different lakes – Fountain Lake, Pickeral Lake, Albert Lea Lake, Goose Lake, School Lake and Lake Chapeau. As a result, Albert Lea and the rest of Freeborn County is a fertile agriculture region where farming and agricultural-related businesses constitute the economic base. The area also boasts numerous diversified industrial farms which provide stability to the local economy.