2535 Condon Ct Mendota Heights, MN 55120

This exceptional investment opportunity presents a 2,732 square foot Class C medical office building located at 2535 Condon Ct, Mendota Heights, MN 55120. The property, situated on a 0.38-acre lot in a cul-de-sac, boasts a desirable B-1 zoning and offers a compelling 7.37% cap rate. Currently 100% occupied by Bridge Autism Clinic under a single, double net (NN) lease with over three years remaining and annual rent increases, this building requires minimal owner responsibilities. The tenant covers all operating expenses except taxes and insurance. Built in 1977, this three-story building features ample parking (0.73 spaces per 1,000 sq ft) and has undergone significant upgrades in recent years. The property's strong tenancy, attractive cap rate, and low-maintenance nature make it an ideal addition to any investment portfolio. The APN is 27-03500-80-021. This is a unique investment opportunity with significant upside potential. The building is well-maintained and benefits from its location in a thriving community. The current lease structure ensures a stable income stream for the foreseeable future. This is a turnkey investment ready for a new owner.