Property summary
This exceptional investment opportunity presents a single-story, 8,382 square-foot medical office building in West St. Paul, Minnesota. Located at 963 S Robert St, this property boasts a prime location on a bustling retail corridor, benefiting from high visibility and substantial traffic. The building, constructed in 2014, sits on a 1.28-acre lot providing ample parking (68 spaces) for patients and staff. Currently, 83% of the space is occupied by Children's Minnesota Clinic, a leading pediatric health system with an "AA" Fitch credit rating and over $1.1 billion in 2023 revenue. A two-year seller master lease covers the remaining 17%. The building features excellent signage and visibility, ensuring strong brand recognition. With five years remaining on the primary lease, this investment offers stable income with potential for future upside through lease-up and market rent adjustments during the extension process. The property's size and location also present opportunities for future redevelopment or expansion. This asset is part of a larger portfolio of medical-retail properties available for acquisition. The property's APN is 42-23726-01-011. This is a rare chance to acquire a high-quality medical office building anchored by a financially strong tenant in a thriving commercial area.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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