3329 University Ave SE Minneapolis, MN
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Portfolio of three medical treatment centers with long-term tenants.
Type:OFFICE
Property size:
53,071 SFLot size:
0.49 Acres- Added:
- Jan 17, 2025
- Days on Market:
- 457
- Last Refresh:
- Apr 5 at 8:07 pm
Property Features for 3329 University Ave SE
General Information
- Standard status
- Active
- Size
- 53,071 SF
- Lot size
- 0.49 Acres
- Property subtype
- OFFICE
Listing agent Keith A Sturm License #MN 81883 (612) 376-4488
Listing office Upland Real Estate Group, Inc (612) 376-4488
Listing date Jan 17, 2025
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 Upland Real Estate Group, Inc
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
Medical Clinic
Alliance Clinic
Medical Clinic
Evans Mary L
Physician
Ernest Lampe
Physician
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2101
- Latitude
- 44.9693
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FAQs
What type of property is this?
Medical Office Space - Portfolio of three medical treatment centers with long-term tenants.
Where is this medical office space located?
The property is located at 3329 University Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $16,240,918.
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.
