Listed by Upland Real Estate Group Inc
$2,580,650
EOSIS Behavioral Health Group Portfolio
Details
APN 3002923410054
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 11,270
Cap Rate 7.00%
NOI $180,645
Tenancy Single
Brand/Tenant Behavioral Health Group
Lease Type NNN
Lease Expiration 12/31/2030
Rent Bumps Yes
Lease Options None
Price per SqFt $229
Year Built 1958
Year Renovated 2012
Stories 2
Acreage 0.490
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 11/14/2011
Ground Lease No
EOSIS Portfolio | MN | 7% Cap
Marketing description
Behavioral Health Group located at 3329 University Avenue Southeast, Minneapolis, MN, 55414. This single-tenant NNN investment property operates as an outpatient opiate treatment clinic with a lease expiration of December 31, 2030. The property is offered at $2,580,650 with a 7.00% cap rate and NOI of $180,645.48.
Investment highlights
- Operates as outpatient opiate treatment clinic.
- Annual rent increases of 2.75% annually for the first 4 years, then increases at 2.75% annually for the remaining 3 years.
- The Metro Transit light rail system passes directly in front of Behavioral Health Group, and carries over 14 million passengers per year.
- Building was extensively remodeled in 2012 at a cost of approximately $750,000. The remodel included: new lobby addition, an elevator was added, the 2nd floor was built-out, and 1st floor remodeled.
Listing Contacts
Listed by Upland Real Estate Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,645.48
$15,053.79/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Tax History
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