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- LoopNet Team
1609 Jackson St
Saint Paul, MN 55117
Latitudes Treatment Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Meridian Behavioral Health is one of the fastest growing, leading behavioral healthcare platforms in the country.
- This location has operated as chemical dependency center for 20 years.
- 3½ years remain on a NNN lease with annual 4% rent increases. Highly likely to renew lease due to barriers to entry.
- The tenant on the lease is Latitudes Treatment Center, LLC with a guaranty by Meridian Behavioral Health, LLC.
- The Property was completely remodeled in 2013, with large lot size and the ability to expand building size.
- 5-Mile population of 338,376, and average household income over $77,000.
PROPERTY FACTS
ABOUT 1609 JACKSON ST , SAINT PAUL, MN 55117
Latitudes is located on Jackson Street south of Larpenter Avenue in St. Paul, Minnesota. Latitudes is a residential neighborhood. Traffic counts average 5,600 vehicles daily in front of the property. On Interstate 35E traffic averages 137,000 vehicles daily. Area properties include Mississippi Creative Arts School, McDonough Recreation Center, Walgreens, Popeye’s, Taco Bell, Burger King, McDonald’s, Metro T-Mobile, New Horizon, Long’s Auto Place, Auto Zone, Keystone Community Services, Hearthside Pizza, Coffee Cup, and many businesses.
PROPERTY TAXES
| Parcel Number | 19-29-22-21-0232 | Improvements Assessment | $698,700 |
| Land Assessment | $116,300 | Total Assessment | $815,000 |
PROPERTY TAXES
