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5200 Douglas Dr N
Minneapolis, MN 55429

$4,200,000 USD

Medical For Sale  •  6,489 SF

Property Details

  • Property Type Medical
  • Total Building Size 6,489 SF
  • Lot Size 0.62 AC
  • Building Class B
  • Year Built 1963
  • Tenancy Single
  • Zoning C
27 Transit Score
61 Walk Score

Highlights

New Fifteen Year Corporate Lease | Three Five Year Options to Renew
Attractive Rental Increases (8.26% Blended Cap) | 42% Rent Growth During Initial Lease Term | 8% in Year 4 | 2.5% Annually Thereafter
Triple Net Lease Structure | Limited Landlord Responsibilities
Fully Renovated to Tenant’s Specifications | Over $1.7 Million in Improvements Completed
Multiple Senior Living Communities in Area | Approximately 1,000 Units within 2 Miles
Seasoned Leadership Team Resumés | C Suite comprised of former executives of Amazon Care, Humana, DaVita, Oak Street Health, and Tenet Healthcare

Property Flyers

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Fridley Station (Northstar Corridor - Northstar Commuter Rail) 12 min - 6.9 mi
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 16 min - 7.0 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 32 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 32
Type: Surface
Included in Rent: Yes
Christopher Biuso 813-210-7741 Marcus & Millichap
Christopher Biuso 813-210-7741 Marcus & Millichap