1559 7th W St, Saint Paul, MN 55102-4243

This exceptional retail property, located at 1559 7th Street West in Saint Paul, Minnesota, presents a compelling investment opportunity. The 5,353 square foot building, constructed in 2007, sits on a 0.44-acre lot and boasts 21 parking spaces. Currently operating at 100% occupancy under a Net Lease, the property offers a strong 6.62% capitalization rate with a Net Operating Income (NOI) of $162,253. The asking price is $2,450,000, translating to a price per square foot of $457. The lease features a remaining term of four years, with three five-year options and a 2% annual rent escalation clause. The tenant, Davita, a leading US kidney care provider holding a 37% market share, is backed by a corporate guarantee and possesses a Standard & Poor's Investment Grade rating of "BB-". The tenant is responsible for all property-related costs. The property's APN is 142823220161. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable Saint Paul location with a strong tenant and favorable lease terms. The property is zoned for retail use.