Medical Center
For Sale
Contact for pricing
3329 University Ave SE, Minneapolis, MN 55414
Three Minnesota treatment-center properties under NNN leases with annual rent increases and outpatient operations.
Property Size53,071 SF
Price / SF$306.02
Days on Market561
Property Features for 3329 University Ave SE
General Information
Standard status
Active
Size
53,071 SF
Property subtype
OFFICE
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Upland Real Estate Group, Inc
(612) 376-4488
Listed By:
Keith A Sturm · License #20103724
(612) 376-4488
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Jul 31
Last Checked: Jul 31 at 12:25PM
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 portfolio includes three medical treatment centers in Minnesota totaling 53,071 square feet. The locations have operated as either Opiate Treatment Centers or Behavioral Health Centers for 20 to 50 years. The Minneapolis property is located at 3329 University Ave SE, Minneapolis, MN 55414, and operates on an outpatient-only basis.
The properties are subject to NNN leases with annual rent increases ranging from 2.75% - 5.00%, with the remainder of CPI increases carried forward indefinitely. Behavioral Health Group has a lease signed by BHG with a guaranty by BHG Holdings LLC. Cedar Ridge and Twin Town have guaranties by EOSIS, formerly Meridian Behavioral Health, LLC. BHG operates 115 locations in 21 states, while EOSIS operates 21 locations.
The properties are subject to NNN leases with annual rent increases ranging from 2.75% - 5.00%, with the remainder of CPI increases carried forward indefinitely. Behavioral Health Group has a lease signed by BHG with a guaranty by BHG Holdings LLC. Cedar Ridge and Twin Town have guaranties by EOSIS, formerly Meridian Behavioral Health, LLC. BHG operates 115 locations in 21 states, while EOSIS operates 21 locations.
Key Highlights
- Three Minnesota medical treatment centers totaling 53,071 square feet
- NNN leases with annual rent increases ranging from 2.75% - 5.00%
- Locations have operated as Opiate Treatment Centers or Behavioral Health Centers 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 | $1.27M | $24.00 |
| − Vacancy | −$127.4k | −$2.40 |
| EGI | $1.15M | $21.60 |
| − OpEx | −$458.5k | −$8.64 |
| NOI | $687.8k | $12.96 |
53,071 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$9.83M
$8.60M – $11.46M
NOI $687,800 @ 7.0% cap · market cap 4.23%
Second Best
Office B
$9.47M
$8.29M – $11.05M
NOI $663,211 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$12.66M
$11.08M – $14.77M
NOI $886,315 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Three Minnesota treatment-center properties under NNN leases with annual rent increases and outpatient operations.
Where is this medical center 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: Three Minnesota medical treatment centers totaling 53,071 square feet; NNN leases with annual rent increases ranging from 2.75% - 5.00%; Locations have operated as Opiate Treatment Centers or Behavioral Health Centers for 20 to 50 years
