- For Sale $3,150,000
- Property Type Office - Medical Office
- Property Size 15,497 SF
- Lot Size 4.7 Acre
- Cap Rate % 7
- Date Updated Jan 23, 2025
Description
- NNN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES | The NNN lease structure offers a passive investment opportunity for both local and national investors.
- 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.
- $145+ BILLION INDUSTRY | PROJECTED $300 BILLION BY 2032 | The U.S. dental services market size was exhibited at
$147.3 billion in 2022 and is projected to hit around USD $295.23 billion by 2032, growing at a CAGR of 7.2% during the forecast period 2023 to 2032. - BUILT-IN EXIT STRATEGY | Once lower level rents align with market rates, the property becomes a more attractive asset to future buyers. This offers a clear path to realizing gains through sale or refinancing.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY | Dental practices are highly sought-after investments due to their resilience to economic downturns and immunity to e-commerce trends that impact traditional retail properties.
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Contacts
Michael Stoffel
Matthews Real Estate Investment Services
Jacob Friedman
Matthews Real Estate Investment Services
Kurt Sauer
Matthews Real Estate Investment Services
Location
Located at 4700 Lexington Ave, Shoreview, MN 55126, this property is part of the Arden Hills neighborhood and Minneapolis St Paul market.
Contact Northview Dental
