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Aspen Dental 964 Highway 15 S 3,500 SF Retail Building Hutchinson, MN 55350 $1,900,000 ($542.86/SF) 7.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Built-to-Suit in 2015 and Tenant Just Extended Five Years
- Two Five-Year Options with Rent Increases (8% then 10%)
- +/- 0.56 Acre Corner Lot with Great Visibility
- Double Net Lease Through 2/28/2031
- Corporate Guarantee – Over 1,100 Locations
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2015
Price
$1,900,000
Price Per SF
$542.86
Cap Rate
7.04%
NOI
$133,805
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.56 AC
Frontage
148’ on Hwy 15 S
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Aspen Dental
- Services
- 3,500 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Aspen Dental | Services | 3,500 SF | - | Double Net | - |
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23.164.0040 | Improvements Assessment | $395,900 |
| Land Assessment | $169,100 | Total Assessment | $565,000 |
PROPERTY TAXES
Parcel Number
23.164.0040
Land Assessment
$169,100
Improvements Assessment
$395,900
Total Assessment
$565,000
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Aspen Dental | 964 Highway 15 S
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