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Entira Family Clinic 280 Snelling Ave N 6,955 SF Office Building Saint Paul, MN 55104 $2,389,200 ($343.52/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term Lease: Entira Family Clinic is on a NN lease with more than 9 years remaining and 2% annual increases.
- Proximity to Major Universities: Located within 2 miles are four major universities
- Excellent Accessibility: Easy access to I-94, I-35E, and surrounding St. Paul and Minneapolis neighborhoods, supporting a broad patient catchment area
- Central St. Paul Location with Ample Parking: Situated on Snelling Avenue, a major north-south corridor connecting numerous St. Paul neighborhoods
- Strong Demographics: 1-mile average household income of $110,600 and 5-mile population of 435,705.
- Prime Retail Corridor Location: Located in a vibrant commercial corridor near Starbucks, Whole Foods Market, Patina and other established retailers.
Executive Summary
Landlord is responsible for maintenance, repair and replacement of structural components (structure, roof and parking lot and HVAC replacement).
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,955 SF
Building Class
B
Year Built
2007
Price
$2,389,200
Price Per SF
$343.52
Cap Rate
6.25%
NOI
$149,324
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,955 SF
Building FAR
0.41
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
23 Spaces (3.31 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- $28.98
- Triple Net
- Apr 2036
The mission of Entira Family Clinics is to provide comprehensive, patient-centered medical services, in family medicine clinics located in customer's neighborhood. As an independent organization of physicians, they are uniquely prepared to provide the highest quality of care and value for their patients and staff. Entira Family Clinics will be a leader in improving the health of their community through the delivery and coordination of family and patient-centered healthcare services. They will be the clinics of choice for patients, employees, providers and the communities they serve.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $28.98 | Triple Net | Apr 2036 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 34-29-23-33-0146 | Improvements Assessment | $1,593,900 |
| Land Assessment | $441,700 | Total Assessment | $2,035,600 |
Property Taxes
Parcel Number
34-29-23-33-0146
Land Assessment
$441,700
Improvements Assessment
$1,593,900
Total Assessment
$2,035,600
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