3340 Sherman Ct - Medical FOR SALE


Eagan, MN 55121- Mendota Heights
$2,275,000 USD
651-269-2004
3340 Sherman Ct, Eagan, MN for Sale
$2,275,000 USD
Medical - FOR SALE
1/53
null | 7.77% Cap Rate

NEW


3340 Sherman Ct
Eagan, MN 55121
Mendota Heights


HIGHLIGHTS

  • 7.77% in-place cap rate supported by long-term medical anchor tenancy, expense reimbursements, and stable cash flow.
  • Anchored by Smile Doctors (Lakeside Orthodontics) under a long-term lease through 2029 with annual rent escalations and renewal options.
  • 100% occupied medical/professional building with near-term value-add flexibility from smaller lower-level suites and strong visibility from I-35E.

OVERVIEW

Well-maintained medical / professional office building offering a 7.8% in-place cap rate with stable income, long-term anchor tenancy, and upside potential. Located in Eagan with excellent access to I-35E, strong visibility, and ample on-site parking. The property is 100% occupied by three tenants, anchored by Smile Doctors (dba Lakeside Orthodontics) on the upper level. Lower-level tenants include EveresT Men’s Health and a Farmers Insurance agent, providing near-term flexibility for renewal or re-tenanting. An attractive opportunity for investors seeking medical office exposure with in-place cash flow, expense protection, and value-add potential.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

7.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

PD

APN/PARCEL ID

10-14225-01-060

ASK ABOUT THIS PROPERTY

Steve NortonNorton RealtyMore Info
651-269-2004

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Steve NortonNorton RealtyMore Info
651-269-2004

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