Medical Clinic with Long-Term
280 Snelling Ave Saint Paul, MN 55104
For Sale
Contact for pricing
Well-located medical clinic property with Entira Family Clinic on a long-term lease featuring 2% annual increases.
Property Size6,955 SF
Price / SF$343.52
Days on Market44
Property Features for 280 Snelling Ave
General Information
Standard status
Active
Size
6,955 SF
Property subtype
OFFICE
Listing Agency:
Upland Real Estate Group, Inc
(612) 376-4488
Listed By:
Keith A Sturm · License #20103724
(612) 376-4488
Source:
Moodyscre
Added: Jun 16
Changed: Jul 27
Last Checked: Jul 28 at 4:06PM
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 clinic property is occupied by Entira Family Clinic on a long-term lease with more than 9 years remaining and 2% annual increases. The established primary care tenant is described as a physician-owned medical group providing family medicine services throughout the Twin Cities East Metro for more than 50 years.
The asset is situated on Snelling Avenue in central St. Paul, a major north-south corridor connecting local neighborhoods and providing daily traffic access. The location also includes generous on-site parking. It is within 2 miles of four major universities: University of St. Thomas, St. Catherine University, Macalester College, and Concordia University.
For broader connectivity, the property offers easy access to I-94 and I-35E, supporting a wide patient catchment area. The surrounding area is described as a vibrant retail corridor near several established retailers.
The asset is situated on Snelling Avenue in central St. Paul, a major north-south corridor connecting local neighborhoods and providing daily traffic access. The location also includes generous on-site parking. It is within 2 miles of four major universities: University of St. Thomas, St. Catherine University, Macalester College, and Concordia University.
For broader connectivity, the property offers easy access to I-94 and I-35E, supporting a wide patient catchment area. The surrounding area is described as a vibrant retail corridor near several established retailers.
Key Highlights
- Entira Family Clinic on a NN long‑term lease with more than 9 years remaining and 2% annual increases
- Central St. Paul location on Snelling Avenue, a major north‑south corridor with strong daily traffic and accessibility
- Generous on‑site parking
Financial Insights For Healthcare Medical
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 | $208.7k | $30.00 |
| − Vacancy | −$9.0k | −$1.29 |
| EGI | $199.7k | $28.71 |
| − OpEx | −$79.9k | −$11.48 |
| NOI | $119.8k | $17.23 |
6,955 SF · lease $30.00/SF/yr · vacancy 4.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.71M
$1.50M – $2.00M
NOI $119,807 @ 7.0% cap · market cap 5.01%
Second Best
Office B
$1.23M
$1.08M – $1.44M
NOI $86,272 @ 7.0% cap · market cap 3.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - Well-located medical clinic property with Entira Family Clinic on a long-term lease featuring 2% annual increases.
Where is this medical center located?
The property is located at 280 Snelling Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $2,389,200.
What are key features of this property?
This property features: Entira Family Clinic on a NN long‑term lease with more than 9 years remaining and 2% annual increases; Central St. Paul location on Snelling Avenue, a major north‑south corridor with strong daily traffic and accessibility; Generous on‑site parking
