NORTHVIEW DENTAL | 4700 N Lexington Ave N
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NORTHVIEW DENTAL 4700 N Lexington Ave N
15,497 SF 100% Leased Office Building Shoreview, MN 55126 $3,150,000 ($203/SF)
Investment Highlights
- NNN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES | The NNN lease structure offers a passive investment opportunity for both local and national.
- FUTURE RENT UPSIDE | Opportunity to increase lower level rate, which significantly enhances property income and value.
- BUILT-IN EXIT STRATEGY | Once lower level rents align with market rates, the property becomes a more attractive asset to future buyers.
- STRONG TENANT FINANCIALS | Dentists typically maintain solid revenue due to routine patient visits and insurance-backed income.
- FAVORABLE HISTORICAL OCCUPANCY | The dental practice has occupied this location for decades, demonstrating the success of the current property use.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY | Dental practices are highly sought-after investments due to their resilience.
Executive Summary
Broker of Record
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,497 SF
Building Class
C
Year Built
2003
Price
$3,150,000
Price Per SF
$203
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,748 SF
Slab To Slab
10’
Building FAR
0.08
Lot Size
4.70 AC
Parking
65 Spaces (4.84 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Signage
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PROPERTY TAXES
| Parcel Number | 14-30-23-33-0006 | Improvements Assessment | $1,810,000 |
| Land Assessment | $525,900 | Total Assessment | $2,335,900 |
PROPERTY TAXES
Parcel Number
14-30-23-33-0006
Land Assessment
$525,900
Improvements Assessment
$1,810,000
Total Assessment
$2,335,900
Contacts
-
Michael Stoffel -
Jacob Friedman -
Kurt Sauer -
Matthews Real Estate Investment Services
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NORTHVIEW DENTAL | 4700 N Lexington Ave N
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