3027 S Frontage Rd - Anchorage Recovery Property 37,543 SF Health Care Building Offered at $3,195,000 at a 8.92% Cap Rate in Moorhead, MN 56560

Anchorage Recovery Property presents a rare opportunity to acquire a fully leased, single-tenant investment asset in the thriving Moorhead, MN market. Strategically positioned along Highway 10, the property benefits from high visibility and proximity to national retailers including Target, Walmart, Starbucks, and McDonald’s. Originally constructed in 1998 and extensively upgraded in 2022, the building spans 37,543 square feet on 1.69 acres and is currently occupied by Anchorage Recovery, a reputable residential treatment provider offering integrated substance use and mental health services.
The tenant’s lease runs through March 2029, delivering stable income with a 2024 NOI of $284,840.09 and an attractive 8.92% cap rate. Property enhancements include a commercial kitchen with new appliances, medical dispensary, multiple laundry rooms, updated HVAC systems, and security infrastructure. Additional amenities such as a swimming pool, conference rooms, and privacy fencing further elevate the asset’s appeal. Zoned Regional Commercial, the site offers long-term flexibility and is surrounded by a robust commercial corridor with strong traffic counts and demographic support.
This investment combines reliable tenancy, recent capital improvements, and a prime location, making it a compelling addition to any portfolio focused on healthcare, hospitality conversion, or stable income-producing assets.