Contacts
Michael Stoffel
Matthews Real Estate Investment Services
Jacob Friedman
Matthews Real Estate Investment Services
Property Details
- Property Type Healthcare
- Property Size 12,251 SF
- Lot Size 0.94 Acre
- Cap Rate % 7.75
- NOI / YR 195611
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1999
- Date Updated May 23, 2024
- Investment Grade Tenants: Allina Health, NovaCare, Adapt Health, and Rebound Orthotics are highly reputable and recognized tenants at the regional and national levels.
- Long-Term Tenants: All the tenants have occupied the building for extensive periods of time, showing their viability for the space.
- Synergistic Tenant Mix: Tenant synergy maximizes sales traffic and revenue for each tenant, leading to long-term occupancy.
- Medical Corridor: The immediate area hosts numerous medical practices from private to national healthcare systems.
- Proximity to Hospital: Notably the building is located across the street from the Allina Health Buffalo Hospital Campus.
- Minimal Landlord Responsibilities: The tenants are on NNN leases, allowing an investor to acquire a passive opportunity.
- Staggered Leases: Short-term leases allow an investor flexibility and the ability to add building value.
- Priced Below Replacement Cost: Buying below replacement cost provides an investor a high margin of safety.
- Well Maintained Building: The property has been well maintained over the years and is continuously renovated as needed.
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Getting around
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38/100
Walk Score ®
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36/100
Bike Score ®
Location
- City Buffalo, MN
- Neighborhood Buffalo
- Zip Code 55313
- Market Minneapolis St Paul
Points of Interest
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Cenex
1.06 miles
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Kwik Trip
2.87 miles
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Holiday
7.92 miles
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Holiday
8.29 miles
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Kwik Trip
8.61 miles
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Parking Lot, Maple Lake WMA
6.64 miles
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Hwy 25 & School Blvd
7.08 miles
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Parking Lot, Malardi Lake WMA
7.68 miles
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Parking Lot, Kelly-meyer WMA
8.44 miles
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Parking Lot, Corinna WMA
8.53 miles
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Parking Lot, Woodland WMA
9.33 miles
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Parking Lot, Swartout WMA
9.38 miles
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Parking Lot, Swartout WMA
9.81 miles
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Parking Lot, Woodland WMA
9.91 miles
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Country Inn & Suites by Radisson, Buffalo, MN
1.59 miles
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Super 8 by Wyndham Monticello
7.85 miles
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Walmart
0.38 miles
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Cub Foods
1.72 miles
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Target
2.11 miles
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Walmart Supercenter
7.16 miles
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ALDI
7.31 miles
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Runnings
8.17 miles
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Cub Foods
8.20 miles
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Marshalls
8.47 miles
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Target
8.47 miles
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Pete's Grocery
9.89 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.