Medical Treatment Center
3329 University Avenue Southeast Minneapolis, MN 55414
For Sale
Contact for pricing
Three NNN medical treatment centers with long operating history as opioid and behavioral health programs.
Property Size12,270 SF
Price / SF$210.32
Days on Market61
Property Features for 3329 University Avenue Southeast
General Information
- Standard status
- Active
- Size
- 12,270 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1958
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Keith Sturm · License #MN 81883
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 26 at 2:38PM
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 offering is a portfolio of three medical treatment centers in Minnesota, operated as either Opiate Treatment Centers or Behavioral Health Centers for approximately 20 to 50 years. The properties are structured as NNN leases and are described as outpatient-only for this location, with annual rent increases ranging from 2.75% to 5.00%. The lease terms also reference that the remainder of CPI increase is carried forward indefinitely.
The public remarks highlight that receiving zoning approval for behavioral health centers can be extremely challenging, which can be a meaningful factor when evaluating lease durability in this use category. The portfolio’s tenancy includes Behavioral Health Group, which has a lease signed by BHG with a guaranty by BHG Holdings LLC (described as having 115 locations in 21 states). Cedar Ridge and Twin Town are described as having a guaranty by EOSIS (formerly Meridian Behavioral Health Group), which is noted as operating 21 locations, with Renovus Capital identified as the purchaser of EOSIS in October 2023.
For buyers or operators focused on healthcare real estate with NNN lease structures, this portfolio presents three long-tenured medical treatment facilities tied to opioid and behavioral health use. The remarks also emphasize the role of zoning barriers in the behavioral health approvals process and the presence of guaranty backing from related networks.
The public remarks highlight that receiving zoning approval for behavioral health centers can be extremely challenging, which can be a meaningful factor when evaluating lease durability in this use category. The portfolio’s tenancy includes Behavioral Health Group, which has a lease signed by BHG with a guaranty by BHG Holdings LLC (described as having 115 locations in 21 states). Cedar Ridge and Twin Town are described as having a guaranty by EOSIS (formerly Meridian Behavioral Health Group), which is noted as operating 21 locations, with Renovus Capital identified as the purchaser of EOSIS in October 2023.
For buyers or operators focused on healthcare real estate with NNN lease structures, this portfolio presents three long-tenured medical treatment facilities tied to opioid and behavioral health use. The remarks also emphasize the role of zoning barriers in the behavioral health approvals process and the presence of guaranty backing from related networks.
Key Highlights
- Portfolio of three Minnesota medical treatment centers with NNN leases.
- Annual rent increases range from 2.75% to 5.00%, with CPI increase carried forward indefinitely.
- Long operating history as Opiate Treatment Centers or Behavioral Health Centers, with operations reported for 20 to 50 years.
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 | $294.5k | $24.00 |
| − Vacancy | −$29.4k | −$2.40 |
| EGI | $265.0k | $21.60 |
| − OpEx | −$106.0k | −$8.64 |
| NOI | $159.0k | $12.96 |
12,270 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.27M
$1.99M – $2.65M
NOI $159,019 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $204,916 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ᐯᗩᕼᗩᒪᒪᗩ
Hospital
Valhalla Place
Medical Clinic
Alliance Clinic
Medical Clinic
Evans Mary L
Physician
Ernest Lampe
Physician
FAQs
What type of property is this?
Medical center - Three NNN medical treatment centers with long operating history as opioid and behavioral health programs.
Where is this medical center located?
The property is located at 3329 University Avenue Southeast Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,580,650.
What are key features of this property?
This property features: Portfolio of three Minnesota medical treatment centers with NNN leases.; Annual rent increases range from 2.75% to 5.00%, with CPI increase carried forward indefinitely.; Long operating history as Opiate Treatment Centers or Behavioral Health Centers, with operations reported for 20 to 50 years.
