Listing Agency: Brokers Commercial Property LLC Show Phone

Listed By: Dan Sturlaugson · License #ND 7266

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 3:01AM

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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 Brokers Commercial Property LLC

Investment Insights

Based on property information with market context.

This offering is a medical office sale-leaseback portfolio with AXIS Clinicals. The structure includes a corporately guaranteed 15-year NNN lease with 1.5% annual escalators. A new roof was installed in 2021, and the portfolio is presented for sale/leaseback under the existing lease terms.

The property is located at 1711 Center Ave W in Dilworth, MN 56529.

As part of due diligence, buyers are instructed to verify taxes, specials, and flood plain information.

Key Highlights

• Sale/lease‑back portfolio with a corporately guaranteed 15‑year NNN lease to AXIS Clinicals
• Offered at a 7.0% cap rate for $16,103,657
• NNN lease includes 1.5% annual escalators

Property Analytics

Property Profile

Current Use

BattleBlitzPaintball Sports Field & Court AXIS Clinicals USA Research Institute Axis Screening Medical Clinic

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Building Supply HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

159

Businesses Nearby

Explore this area Business Placement

Demographics for 56529, MN

4,613

Population

2,018

Households

2.3

Avg Household Size

37

Median Age

38%

College-Educated

94%

High-School Grad

3.7 sq mi

ZIP Area

1,247

Density / Sq Mi

$89,577

Median Household Income

$53,447

Median Earnings

$1,053

Median Rent

$268,100

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Portfolio offered with a corporately guaranteed 15-year NNN lease to AXIS Clinicals.

Where is this nnn property located?

The property is located at 1711 Center Ave W Dilworth, MN.

What are key features of this property?

This property features: Sale/lease‑back portfolio with a corporately guaranteed 15‑year NNN lease to AXIS Clinicals; Offered at a 7.0% cap rate for $16,103,657; NNN lease includes 1.5% annual escalators