5366 386th St
North Branch, MN 55056

This is an excellent opportunity to purchase an investment property for $8,267,800 at 5.56% cap rate with approximately 11 years remaining on the NNN lease. Pricing is based upon May 1, 2018 rent increase. This lease includes scheduled rent increases and three 5-year options. Fairview Health Services is an investment grade tenant with a Moody’s rating of A2 and 2015 yearend December 2016 Revenues of $4.36 billion. This Fairview Clinic is located on 386th Street NE, along Highway 95, with traffic counts of 20,600 vehicles daily on Highway 95. Two blocks east is Interstate 35, the main north to south thoroughfare, with traffic counts at 27,000 vehicles daily. Interstate 35 provides direct access to Twin Cities and is a major route for people traveling from the Twin Cities north to recreational areas and vacation homes. Nearby properties include Shopko, Country Market, McDonald’s, Holiday Station, Domino’s Pizza, Napa Auto Parts, AmericInn Lodge & Suites, Dairy Queen, Perkins, and many more. The popular North Branch Outlet Mall is off the same exit with 30 name brand shops. The North Branch Golf Course is approximately one mile from the subject property. North Branch is a city in Chisago County, which is north of the Twin Cities and is located near the Minnesota-Wisconsin border.