Hinckley Medical Office Investment
For Sale
Contact for pricing
45 Lady Luck Drive, Hinckley, MN 55037
Single-tenant medical office building in Hinckley, Minnesota for sale.
Property Size14,186 SF
Lot Size4.87 Acres
Price / SF$364.04
Days on Market99
Property Features for 45 Lady Luck Drive
General Information
Standard status
Active
Size
14,186 SF
Total Parking Spaces
66
Lot size
4.87 Acres
Property subtype
Office
Lease Type
NN
Net Operating Income
$369,248
Building Details
Year Built
2015
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Scott Briggs · License #OK 160500
Source:
Crexi
Added: May 20
Changed: Aug 12
Last Checked: Aug 26 at 11:36AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This single-tenant medical office facility is located in Hinckley, Minnesota. Constructed in 2015, the single-story building has 14,186 square feet and sits on 4.87 acres. The property currently operates as the Essentia Health – Hinckley Clinic since February 2024, providing family medicine, primary care, specialty services including podiatry, and urgent care. Future expansion capabilities include imaging and rehabilitation. The site is located along Lady Luck Drive in Pine County, with direct access to Interstate 35, which carries 23,600 vehicles per day. It is approximately 1.5 miles west of Grand Casino Hinckley. The property is leased on a double net (NN) basis commencing September 1, 2023, through September 30, 2033, with approximately 7.4 years of remaining term. The tenant is responsible for utilities, HVAC, CAM, insurance, taxes, and building system maintenance, with landlord responsibilities limited to the structural components and roof. The current annual base rent is $369,248 ($26.03/SF) with 2% annual escalations and one five-year renewal option extending the potential lease term through September 2038. The tenant, Pine Medical Center, is a subsidiary of Essentia Health.
Key Highlights
- Long‑term double net (NN) lease with Essentia Health subsidiary (Pine Medical Center) through September 2033, providing stable income.
- Essentia Health is a large, financially strong tenant with an A- credit rating from Fitch Ratings and $3.28 billion in total revenues.
- Annual rent escalations of 2% provide increasing income over the lease term.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55037, MN
5,057
Population
3,117
Households
1.6
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
306.4 sq mi
ZIP Area
17
Density / Sq Mi
$61,319
Median Household Income
$33,465
Median Earnings
$975
Median Rent
$206,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office building in Hinckley, Minnesota for sale.
Where is this medical office space located?
The property is located at 45 Lady Luck Drive Hinckley, MN.
What is the asking price?
The asking price for this property is $5,164,310.
What are key features of this property?
This property features: Long‑term double net (NN) lease with Essentia Health subsidiary (Pine Medical Center) through September 2033, providing stable income.; Essentia Health is a large, financially strong tenant with an A- credit rating from Fitch Ratings and $3.28 billion in total revenues.; Annual rent escalations of 2% provide increasing income over the lease term.
