4279 Sheridan Ave S - Health Care FOR SALE


Minneapolis, MN 55410- East Linden Hills
$2,100,000 USD
612-481-0293
4279 Sheridan Ave S, Minneapolis, MN for Sale
$2,100,000 USD
Health Care - FOR SALE
1/3
null | 5.75% Cap Rate

4279 Sheridan Ave S
Minneapolis, MN 55410
East Linden Hills


HIGHLIGHTS

  • NNN Lease. Medical Office. Single Tenant. Linden Hills.

OVERVIEW

In Linden Hills. Medical-office, single tenant, triple-net leased property. Tenant, Associated Skin Care Specialists, is a dermatology group with 7 metro locations. Tenant pays all expenses, including 4% management fee - $7,500 in 2024. Newly renovated. Award-winning build-out designed by Mohagen Hansen Architects. Completed 2022. Lease term remaining is 6-years, plus 5-year extension option. 2% annual rent increase. Tenant is vested - paid $950,000 on total $1.2 million bid-out. Ideal real estate investment in Linden Hills. Net income without operating headaches. Contact Agent for More information

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linden Hills Medical Office NNN Leased

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C1

APN/PARCEL ID

08-028-24-42-0184

ASK ABOUT THIS PROPERTY

Mark DwyerCB BurnetMore Info
612-481-0293

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Mark DwyerCB BurnetMore Info
612-481-0293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.