3300 32nd Ave S - Freestanding FOR SALE


Grand Forks, ND 58201
$4,094,000 USD
614-202-9235
3300 32nd Ave S, Grand Forks, ND for Sale
$4,094,000 USD
Freestanding - FOR SALE
1/5
null | 6.7% Cap Rate

3300 32nd Ave S
Grand Forks, ND 58201


HIGHLIGHTS

  • 100 Percent Leased - All Triple-Net Leases with Corporate Guarantees
  • Resilient Service-Based Retailers | All Three Tenants Provide Medical Services
  • Aspen Dental New 10-Year Extension | Commitment to Location
  • Aspen Dental and Chapter Medical Parent Company, The Aspen Group, is a Leading Healthcare Services Organization with Approximately 1,400 Locations
  • Densely-Populated Trade Area in Grand Forks - 82,327 Daytime Population within a Five-Mile Radius
  • Average Household Income Exceeds $91,000 within the Immediate Area

OVERVIEW

Aspen Dental Management, Inc. (“ADMI”) provides administrative and business support services to Aspen Dental branded dental practices. Each Aspen Dental branded practice is owned and operated by a licensed dentist. Stanton Optical, a leading retail brand under Now Optics, is a national leader in affordable, full-service eye care. Through its flagship retail brand, Stanton Optical, Now Optics merges expert eye care with innovation to deliver a seamless, omni-channel experience. Chapter is a leading local med spa with a team of caring experts, skilled in the clinical practice of non-surgical treatments including injectables, laser hair removal, medical grade facials, and body contouring treatments. Grand Forks is the county seat of Grand Forks County and is North Dakota's third-largest city after Fargo and Bismarck, home to over 55,000 residents. Grand Forks is a vibrant, thriving community surrounded by rich farm country. Grand Forks, along with its twin city of East Grand Forks, Minnesota, forms the center of the Grand Forks metropolitan statistical area, which is often called Greater Grand Forks or the Grand Cities.

FOR SALE DETAILS

PRICE

$4,094,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Shops | New 10-Yr Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

CC

APN/PARCEL ID

44132600006001

ASK ABOUT THIS PROPERTY

Brennan CleggMarcus & MillichapMore Info
614-202-9235

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Brennan CleggMarcus & MillichapMore Info
614-202-9235

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