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St. Michael, MN 55376

Heartland Dental

Property Address

654 Central Avenue East, Saint Michael, MN, USA

Offering Summary

  • Price: $2,399,454
  • Lot Size: .87 Acres
  • Cap Rate: 6.50%
  • Year Built: 2020
  • Building SF: 4,273
  • Status: Available
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  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Adjacent to CVS and Cub Foods Grocery Store and in Close Proximity to New Multifamily Developments
  • 10 Percent Rental Increases Every Five Years
  • 47,134 Residents within a Five-Mile Radius in the Minneapolis MSA
  • Population and Households Projected to Increase 9-10% in the Surrounding Area Over the Next Five Years
  • More Than 27,500 Cars per Day at the Corner of Central Ave E and Edgewood Drive NE
  • Average Household Income Exceeds $129,000 within a Five-Mile Radius
  • Within a 40-Minute Drive of Downtown Minneapolis and Minneapolis-Saint Paul International Airport

Broker Information

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