4273 W Circle Dr NW - Medical FOR SALE


Rochester, MN 55901- North Rochester
$2,611,000 USD
980-498-3293
4273 W Circle Dr NW, Rochester, MN for Sale
$2,611,000 USD
Medical - FOR SALE
1/3
null | 7% Cap Rate

4273 W Circle Dr NW
Rochester, MN 55901
North Rochester


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • MAYO CLINIC - $5 BILLION EXPANSION CATALYST
  • #1 JOB GROWTH IN MINNESOTA
  • PURPOSE-BUILT DENTAL FACILITY
  • AFFLUENT, EDUCATED CONSUMER BASE

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,244-square-foot net-leased medical asset located at 4273 West Circle Drive Northwest in Rochester, Minnesota. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 5.3 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2022 as a purpose-built dental facility, the property occupies a highly visible position along West Circle Drive Northwest (CR 22), which carries approximately 23,800 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Hy-Vee, Costco, Kwik Trip, Jersey Mike’s, Mayo Clinic Laboratories, and numerous national retailers that drive consistent consumer traffic to the corridor. Located approximately 85 miles south of Minneapolis, Rochester is Minnesota’s third-largest city and serves as the economic and healthcare hub of southeastern Minnesota. Anchored by the world-renowned Mayo Clinic and its multi-billion-dollar campus expansion, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of the Midwest’s most economically resilient and rapidly expanding healthcare markets.

FOR SALE DETAILS

PRICE

$2,611,000 USD

PRICE/SF

$615 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Rochester, MN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

74.17.43.085505

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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