4700 Lexington Ave N - Office FOR SALE
Shoreview, MN 55126 |
$3,150,000 USD
612-605-8201
4700 Lexington Ave N
Shoreview, MN 55126
HIGHLIGHTS
- NNN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES | The NNN lease structure offers a passive investment opportunity for both local and national.
- STRONG TENANT FINANCIALS | Dentists typically maintain solid revenue due to routine patient visits and insurance-backed income.
- FUTURE RENT UPSIDE | Opportunity to increase lower level rate, which significantly enhances property income and value.
- FAVORABLE HISTORICAL OCCUPANCY | The dental practice has occupied this location for decades, demonstrating the success of the current property use.
- BUILT-IN EXIT STRATEGY | Once lower level rents align with market rates, the property becomes a more attractive asset to future buyers.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY | Dental practices are highly sought-after investments due to their resilience.
FOR SALE DETAILS
PRICE
$3,150,000 USD
PRICE/SF
$203 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NORTHVIEW DENTAL
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
4.7 AC
LAND SF
204,732 SF
ZONING
-
APN/PARCEL ID
14-30-23-33-0006
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612-605-8201
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612-605-8201
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