1850 Weir Dr - Storefront FOR SALE


Woodbury, MN 55125- Woodbury/Afton/Lake Elmo
$2,950,000 USD
612-810-3295
1850 Weir Dr, Woodbury, MN for Sale
$2,950,000 USD
Storefront - FOR SALE
1/4
null | 4.37% Cap Rate


HIGHLIGHTS

  • Fully leased medical and retail center with national credit tenancy
  • Located directly across from Woodwinds Hospital in Woodbury
  • Anchored by DaVita, a leading dialysis provider
  • High traffic visibility near I-494 and major healthcare facilities
  • Strong income growth potential in affluent Twin Cities suburb
  • Prime medical location in Woodbury

OVERVIEW

PRIME MEDICAL LOCATION IN WOODBURY Positioned directly across from Woodwinds Hospital in the thriving healthcare corridor of Woodbury, The Woodgate Center offers investors a fully leased, income-generating asset with national credit tenancy and long-term upside. This 17,031-square-foot medical and retail property sits on nearly 2 acres and benefits from exceptional visibility and traffic along Weir Drive, a key arterial near I-494. Anchored by DaVita, a nationally recognized dialysis provider, the center also includes a mix of service and retail tenants such as Joey C’s Pizza, JKBT Karate, and GAR, creating a balanced and resilient rent roll. The property’s 100% occupancy and current NOI of $128,841 underscore its stability, while the surrounding medical infrastructure and affluent residential base support continued rental growth. Woodbury is one of the Twin Cities’ fastest-growing suburbs, known for its high household incomes, strong healthcare presence, and proximity to major employment centers. The site’s adjacency to Woodwinds Hospital and M Health Fairview facilities enhances its appeal for medical tenants and positions it as a strategic healthcare investment. This is a rare opportunity to acquire a stabilized, multi-tenant asset in a high-demand submarket with built-in income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

4.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodgate Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,974 SF

ZONING

B-3, Woodbury

APN/PARCEL ID

07-028-21-42-0006

ASK ABOUT THIS PROPERTY

Brad EdlefsenEdina RealtyMore Info
612-810-3295

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Brad EdlefsenEdina RealtyMore Info
612-810-3295

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