1370 Mendota Heights Rd, Mendota Heights, MN
NNN leased property with long-term tenant through 2040.
- Added:
- Dec 27, 2024
- Days on Market:
- 535
- Last Refresh:
- May 20 at 9:21 pm
Property Features for 1370 Mendota Heights Rd
General Information
- Standard status
- Active
- Size
- 20,821 SF
- Lot size
- 1.69 Acres
- Property subtype
- OFFICE
Listing agent Zac Houle (651) 248-7567
Listing office Crossroads Properties (651) 248-7567
Listing date Dec 27, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Crossroads Properties
HighLights
- Absolute NNN Lease through 12/31/2040
- 100% Occupancy Rate – Single Tenant
- Newley Renovated in 2020
- Two 3‑Year Renewal Options
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $464.7k | $22.32 |
| − Vacancy | −$120.4k | −$5.78 |
| EGI | $344.4k | $16.54 |
| − OpEx | −$86.1k | −$4.13 |
| NOI | $258.3k | $12.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mendota Heights
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.1654
- Latitude
- 44.865
