3027 S Frontage Rd - Health Care FOR SALE


Moorhead, MN 56560
$3,195,000 USD
701-893-2826
3027 S Frontage Rd, Moorhead, MN for Sale
$3,195,000 USD
Health Care - FOR SALE
1/4
null | 8.92% Cap Rate

3027 S Frontage Rd
Moorhead, MN 56560


HIGHLIGHTS

  • Fully leased through March 2029 to a behavioral health provider
  • Located on Highway 10 near Target, Walmart, and Starbucks
  • Recent upgrades include HVAC, flooring, and kitchen appliances
  • Features swimming pool, medical dispensary, and conference rooms
  • High visibility pylon signage and privacy fencing
  • Zoned Regional Commercial with strong surrounding retail synergy

OVERVIEW

Anchorage Recovery Property presents a rare opportunity to acquire a fully leased, single-tenant investment asset in the thriving Moorhead, MN market. Strategically positioned along Highway 10, the property benefits from high visibility and proximity to national retailers including Target, Walmart, Starbucks, and McDonald’s. Originally constructed in 1998 and extensively upgraded in 2022, the building spans 37,543 square feet on 1.69 acres and is currently occupied by Anchorage Recovery, a reputable residential treatment provider offering integrated substance use and mental health services. The tenant’s lease runs through March 2029, delivering stable income with a 2024 NOI of $284,840.09 and an attractive 8.92% cap rate. Property enhancements include a commercial kitchen with new appliances, medical dispensary, multiple laundry rooms, updated HVAC systems, and security infrastructure. Additional amenities such as a swimming pool, conference rooms, and privacy fencing further elevate the asset’s appeal. Zoned Regional Commercial, the site offers long-term flexibility and is surrounded by a robust commercial corridor with strong traffic counts and demographic support. This investment combines reliable tenancy, recent capital improvements, and a prime location, making it a compelling addition to any portfolio focused on healthcare, hospitality conversion, or stable income-producing assets.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

8.92%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anchorage Recovery Property

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

Regional Commercial

APN/PARCEL ID

58-140-0045

ASK ABOUT THIS PROPERTY

Paul CampbellGoldmark Commercial Real Estate, Inc.More Info
701-893-2826

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Paul CampbellGoldmark Commercial Real Estate, Inc.More Info
701-893-2826

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