2020 Hospital Dr - Health Care FOR SALE


Windom, MN 56101
$5,481,000 USD
605-359-4251
2020 Hospital Dr, Windom, MN for Sale
$5,481,000 USD
Health Care - FOR SALE
1/7
null | 6.75% Cap Rate

2020 Hospital Dr
Windom, MN 56101


OVERVIEW

Institutional-quality single tenant net lease medical office investment offering a 6.75% cap rate on $5,481,000 asking price. This 12,541 SF Class A build-to-suit facility was constructed in 2020 and features a pristine absolute triple net lease structure with investment-grade tenant Avera McKennan (AA- S&P/Fitch rating). The lease delivers 15 years of remaining term with two five-year extension options and includes 5% rent escalations every five years, providing predictable income growth and inflation protection. Avera Health operates over 300 care sites across five states with $3.2 billion in audited operating revenues and $1.8 billion in liquidity, representing one of the Upper Midwest's most stable healthcare systems. Avera McKennan is the flagship hospital comprising over 60% of system revenues and serves as joint guarantor on credit-rated bonds. Located in Windom, Minnesota on 6.52 acres with 48 surface parking spaces (3.83/1,000 ratio), the property benefits from Avera's commitment to rural healthcare delivery across the region. This turnkey investment requires zero landlord responsibilities and offers exceptional credit quality rarely available in secondary markets. Contact listing broker for additional financial details. Note: No buyer broker fee paid by seller.

FOR SALE DETAILS

PRICE

$5,481,000 USD

PRICE/SF

$437 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Lease Medical Building

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

6.52 AC

LAND SF

284,011 SF

ZONING

-

APN/PARCEL ID

25-024-2700

ASK ABOUT THIS PROPERTY

Michael BenderBender Commercial Real Estate ServicesMore Info
605-359-4251

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Michael BenderBender Commercial Real Estate ServicesMore Info
605-359-4251

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