Building Details

Year Built 2015

Tenancy Single

Listing Agency: Marcus & Millichap - Milwaukee j***@marcusmillichap.com Show Phone

Listed By: Jeff Rowlett · License #WI 74743

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 2:39AM

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Investment Insights

Based on property information with market context.

This single-tenant medical office property was constructed for Aspen Dental in 2015 and is occupied under a net lease. The tenant has exercised an additional five-year extension, providing a defined lease term for the next phase of occupancy. Lease structure is double net, and the obligation includes a corporate guarantee. The property is located at 964 Lynn Rd SW in Hutchinson, Minnesota.

Key Highlights

• Built‑to‑suit medical office completed in 2015
• Occupied by Aspen Dental
• Additional five‑year lease extension

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

657

Businesses Nearby

Explore this area Business Placement

Demographics for 55350, MN

18,669

Population

8,276

Households

2.3

Avg Household Size

42

Median Age

26%

College-Educated

96%

High-School Grad

159.9 sq mi

ZIP Area

117

Density / Sq Mi

$78,663

Median Household Income

$46,775

Median Earnings

$934

Median Rent

$238,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Built for Aspen Dental in 2015 with a five-year lease extension and corporate guarantee.

Where is this nnn property located?

The property is located at 964 Lynn Rd SW Hutchinson, MN.

What are key features of this property?

This property features: Built‑to‑suit medical office completed in 2015; Occupied by Aspen Dental; Additional five‑year lease extension