$3,658,560 USD
510-684-0574
414 Main St NW
Elk River, MN 55330
Clemens & Munsinger Gardens
HIGHLIGHTS
- 15-Year NNN lease with 3% annual increases; avg cap rate 7.63% across base term
- Specialty Dental Brands: 250+ location national operator focused on oral surgery
- Relocation clinic for AOMS Oral Surgeons with 7 surgeons serving growing demand
- Rare one (1) ten-year renewal option structure beyond the 15-year base term
- US-169 sees 45,000+ cars/day; adjacent to Walmart Supercenter and Home Depot
- Avg HH income $131,595 within 5 miles; 2.0% annual population growth
FOR SALE DETAILS
PRICE
$3,658,560 USD
PRICE/SF
$610 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.24 AC
LAND SF
53,851 SF
ZONING
-
APN/PARCEL ID
75-401-0130,75-401-0135,75-401-0140,75-401-0145,75-401-0150
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510-684-0574
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510-684-0574
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