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    3329 University Ave SE Minneapolis, MN 55413

    For Sale
    $16,980,795

    Portfolio of three medical treatment centers with long-term tenants.

    Property size:
    53,071 SF
    Lot size:
    0.49 Acres

    Property Features for 3329 University Ave SE

    General Information

    Size
    53,071 SF
    Lot size
    0.49 Acres

    Source: Upland Real Estate Group, Inc Agent Keith A Sturm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Minnesota Medical Treatment Centers Portfolio

    This portfolio comprises three medical treatment centers located in Minnesota. The properties are under NNN leases featuring annual rent increases ranging from 2.75% to 5.00%, with the remainder of any CPI increase carried forward indefinitely. These locations have a history of operation as either Opiate Treatment Centers or Behavioral Health Centers, spanning 20 to 50 years. Zoning approval for Behavioral Health centers is notably challenging to obtain, which makes renewal highly likely due to these barriers to entry. Behavioral Health Group (BHG), guaranteed by BHG Holdings LLC with 115 locations in 21 states, has a lease for one of the locations. BHG is the largest network of opioid treatment centers in the U.S., and this location is outpatient only. Cedar Ridge and Twin Town are guaranteed by EOSIS (Formerly Meridian Behavioral Health), LLC, which operates 21 locations. Renovus Capital purchased Meridian in October 2023. Renovus manages over $2 Billion across sectors focused on Healthcare, Education, Technology, and Professional Services. The total property size of the portfolio is 53071 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ᐯᗩᕼᗩᒪᒪᗩ Hospital Valhalla Place Mental Health Clinic Alliance Clinic Addiction Treatment Center Evans Mary L Psychologist Ernest Lampe Psychiatrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2101448
    Latitude
    44.969333

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    FAQs

    What type of property is this?
    Medical office - Portfolio of three medical treatment centers with long-term tenants.
    Where is this medical office located?
    The property is located at 3329 University Ave SE Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $16,980,795.
    What are key features of this property?
    This property features: - Portfolio of three Medical Treatment Centers with NNN leases, providing a stable and passive income stream.; - Leases include annual rent increases, ranging from 2.75% - 5.00% (with CPI carry-forward), ensuring increasing returns.; - Tenants are guaranteed by strong entities: Behavioral Health Group (BHG) with 115 locations and EOSIS (Formerly Meridian Behavioral Health), LLC, operating 21 locations.
    (612) 376-4488
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    Minneapolis, MN 55413
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3329 University Ave SE Minneapolis, MN 55413
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