654 Central Ave E - Medical FOR SALE


Saint Michael, MN 55376
$2,468,053 USD
602-687-6650
654 Central Ave E, Saint Michael, MN for Sale
$2,468,053 USD
Medical - FOR SALE
1/4
null | 6.95% Cap Rate

654 Central Ave E
Saint Michael, MN 55376


HIGHLIGHTS

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Adjacent to CVS and Cub Foods Grocery Store and in Close Proximity to New Multifamily Developments
  • 10 Percent Rental Increases Every Five Years
  • 47,134 Residents within a Five-Mile Radius in the Minneapolis MSA
  • Population and Households Projected to Increase 9-10% in the Surrounding Area Over the Next Five Years
  • More Than 27,500 Cars per Day at the Corner of Central Ave E and Edgewood Drive NE

OVERVIEW

Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support. St. Michael is located in Minnesota’s Wright County, northwest of Minneapolis within the Minneapolis-St. Paul “Twin Cities” metropolitan area. The city is conveniently located along I-94, 25 minutes from downtown Minneapolis.

FOR SALE DETAILS

PRICE

$2,468,053 USD

PRICE/SF

$578 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

114-355-001010

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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Zack HouseMarcus & MillichapMore Info
602-687-6650

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