HealthEast NNN Investment
For Sale
Contact for pricing
Pending
980 Rice Street, Saint Paul, MN 55117
NNN lease investment with scheduled annual increases and a renewal option.
Property SizeContact for details
Days on Market144
Property Features for 980 Rice Street
General Information
Standard status
Pending
Property subtype
Retail, Office, Land
Financials
Asking Price
$5,950,000
Cap Rate
6.81%
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Upland Real Estate Group Inc
(612) 332-6600
Listed By:
Keith Sturm · License #MN 81883
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 11:16PM
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.
The HealthEast property at 980 Rice Street in Saint Paul, Minnesota is offered as an NNN lease investment. The lease has approximately 7 1/2 years remaining, includes approximately 2% annual rent increases, and provides a 10-year renewal option. The reported cap rate is 6.81%.
Rice Street traffic averages over 15,000 vehicles in front of the property, while Interstate 94 carries 185,000 vehicles daily. The site is one and a half miles from downtown Saint Paul and just over three miles west of Hamline University. Concordia University is a four-mile drive away. Nearby retail and service businesses include Advance Auto Parts, Subway, Mama’s Pizza, Royal Credit Union, U.S. Bank, McDonald’s, and White Castle.
Rice Street traffic averages over 15,000 vehicles in front of the property, while Interstate 94 carries 185,000 vehicles daily. The site is one and a half miles from downtown Saint Paul and just over three miles west of Hamline University. Concordia University is a four-mile drive away. Nearby retail and service businesses include Advance Auto Parts, Subway, Mama’s Pizza, Royal Credit Union, U.S. Bank, McDonald’s, and White Castle.
Key Highlights
- NNN lease with approximately 7 1/2 years remaining
- Approximately 2% annual rent increases
- 10‑year renewal option included
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - NNN lease investment with scheduled annual increases and a renewal option.
Where is this nnn property located?
The property is located at 980 Rice Street Saint Paul, MN.
What are key features of this property?
This property features: NNN lease with approximately 7 1/2 years remaining; Approximately 2% annual rent increases; 10‑year renewal option included
