Single-Tenant Medical
For Sale
Contact for pricing
Pending
280 Snelling Ave, Saint Paul, MN 55104
Single-tenant medical office investment leased to Dermatology Associates with 5 years remaining and option periods.
Property SizeContact for details
Days on Market122
Property Features for 280 Snelling Ave
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
43,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6%
Building Details
Tenancy
Single
Listing Agency:
Upland Real Estate Group Inc
(612) 376-4475
Listed By:
Keith Sturm · License #MN 81883
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 8 at 5:54AM
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 Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This medical office investment is leased to Dermatology Associates, PA (doing business as Dermatology Consultants). The current lease includes 5 years remaining, with a rent increase in year 12 and two additional 5-year options. Dermatology Consultants operates four Minnesota Dermatology Consultant locations.
Located on Snelling Avenue North in Saint Paul’s Snelling-Hamline Union Park neighborhood, the property is cited as two blocks from Allianz Field, a soccer-specific stadium with 19,000+ capacity slated for completion in 2019. The surrounding area includes Midway Center shopping and nearby retailers such as Whole Foods Market, Starbucks, and Associated Bank.
Traffic counts are stated as averaging 43,000 vehicles daily in front of the property, with 150,000+ vehicles daily on nearby Interstate 94.
Located on Snelling Avenue North in Saint Paul’s Snelling-Hamline Union Park neighborhood, the property is cited as two blocks from Allianz Field, a soccer-specific stadium with 19,000+ capacity slated for completion in 2019. The surrounding area includes Midway Center shopping and nearby retailers such as Whole Foods Market, Starbucks, and Associated Bank.
Traffic counts are stated as averaging 43,000 vehicles daily in front of the property, with 150,000+ vehicles daily on nearby Interstate 94.
Key Highlights
- Single‑tenant medical office investment leased to Dermatology Associates, PA
- Lease has 5 years remaining and includes a rent increase in year 12
- Lease includes two 5‑year option periods
Property Analytics
Current Use
Lease Details
43,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office investment leased to Dermatology Associates with 5 years remaining and option periods.
Where is this medical office space located?
The property is located at 280 Snelling Ave Saint Paul, MN.
What are key features of this property?
This property features: Single‑tenant medical office investment leased to Dermatology Associates, PA; Lease has 5 years remaining and includes a rent increase in year 12; Lease includes two 5‑year option periods
