Purpose-Built Dental Medical
4273 West Circle Drive Northwest, Rochester, MN 55901
For Sale
Contact for pricing
The facility is leased under a corporate-guaranteed NN lease with renewal options.
Property Size4,244 SF
Price / SF$615.22
Days on Market105
Property Features for 4273 West Circle Drive Northwest
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Units
Tenancy
Building Size
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Jul 28
Changed: Nov 4
Last Checked: Nov 8 at 7:46AM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
Built in 2022, this 4,244-square-foot medical office property was designed as a dental facility and is occupied by Heartland Dental, LLC. The lease is corporate guaranteed and structured as NN, with approximately 5.3 years remaining in the primary term. Contractual rent increases of 10% every five years apply during the initial term and renewal options are included.
The property is located at 4273 West Circle Drive Northwest in Rochester, Minnesota, along West Circle Drive Northwest (CR 22), which carries approximately 23,800 vehicles per day. Nearby retail and healthcare users include Hy-Vee, Costco, Kwik Trip, Jersey Mike's, Mayo Clinic Laboratories, and other national retailers. Rochester is approximately 85 miles south of Minneapolis and serves as a healthcare and economic center for southeastern Minnesota.
The property is located at 4273 West Circle Drive Northwest in Rochester, Minnesota, along West Circle Drive Northwest (CR 22), which carries approximately 23,800 vehicles per day. Nearby retail and healthcare users include Hy-Vee, Costco, Kwik Trip, Jersey Mike's, Mayo Clinic Laboratories, and other national retailers. Rochester is approximately 85 miles south of Minneapolis and serves as a healthcare and economic center for southeastern Minnesota.
Key Highlights
- 4,244‑square‑foot medical office property built in 2022
- Occupied by Heartland Dental, LLC under a corporate‑guaranteed NN lease
- Approximately 5.3 years remain in the primary lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,206
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,120
$1.6M
Cap Rate 7%
$1,117,229
$1.1M
Cap Rate 9%
$868,956
$869.0K
Market Conditions
NOI Build-Up for 4,244 SF
Gross rent
$114.6K $27.00/SF
− Vacancy
−$10.3K −$2.43/SF
EGI
$104.3K $24.57/SF
− OpEx
−$26.1K −$6.14/SF
NOI
$78.2K $18.43/SF
Area
Rochester, MN
Vacancy
9.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,120
Cap Rate 7%
$1,117,229
Cap Rate 9%
$868,956
Alternative Uses
Best Use
Office B
$1.12M
$977.6K – $1.30M
NOI $78,206 @ 7.0% cap · market cap 3.00%
Second Best
Healthcare Medical
$754.3K
$660.0K – $880.0K
NOI $52,802 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,421 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Petco Vaccination Clinic — 3430 55th St NW, Rochester, MN 55901
Frequently Asked Questions
What type of property is this?
Medical Office Space - The facility is leased under a corporate-guaranteed NN lease with renewal options.
Where is this medical office space located?
The property is located at 4273 West Circle Drive Northwest Rochester, MN.
What is the asking price?
The asking price for this property is $2,611,000.
What are key features of this property?
This property features: 4,244‑square‑foot medical office property built in 2022; Occupied by Heartland Dental, LLC under a corporate‑guaranteed NN lease; Approximately 5.3 years remain in the primary lease term
