- For Sale $2,525,000
- Property Type Healthcare
- Property Size 12,251 SF
- Lot Size 0.94 Acre
- Cap Rate % 7.75
- NOI / YR $195,611.00
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1999
- Date Updated May 23, 2024
- Investment Grade Tenants: Allina Health, NovaCare, Adapt Health, and Rebound Orthotics are highly reputable and recognized tenants at the regional and national levels.
- Long-Term Tenants: All the tenants have occupied the building for extensive periods of time, showing their viability for the space.
- Synergistic Tenant Mix: Tenant synergy maximizes sales traffic and revenue for each tenant, leading to long-term occupancy.
- Medical Corridor: The immediate area hosts numerous medical practices from private to national healthcare systems.
- Proximity to Hospital: Notably the building is located across the street from the Allina Health Buffalo Hospital Campus.
- Minimal Landlord Responsibilities: The tenants are on NNN leases, allowing an investor to acquire a passive opportunity.
- Staggered Leases: Short-term leases allow an investor flexibility and the ability to add building value.
- Priced Below Replacement Cost: Buying below replacement cost provides an investor a high margin of safety.
- Well Maintained Building: The property has been well maintained over the years and is continuously renovated as needed.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
38/100
Car-Dependent
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Bike Score ®
36/100
Somewhat Bikeable
- City Buffalo, MN
- Neighborhood Buffalo
- Zip Code 55313
- Market Minneapolis St Paul
Points of Interest
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BP
0.40 miles
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Coborn's Express
1.18 miles
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Speedway
1.81 miles
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Kwik Trip
2.87 miles
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Marathon
2.89 miles
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Holiday
8.29 miles
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Casey's General Store
9.01 miles
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Parking Lot, Maple Lake WMA
6.64 miles
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Hwy 25 & School Blvd
7.06 miles
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Parking Lot, Malardi Lake WMA
7.68 miles
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Parking Lot, Kelly-meyer WMA
8.44 miles
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Parking Lot, Corinna WMA
8.53 miles
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Parking Lot, Woodland WMA
9.33 miles
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Parking Lot, Swartout WMA
9.38 miles
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Country Inn & Suites
1.59 miles
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Budget Host Inn
1.86 miles
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Super 8 by Wyndham Monticello
7.86 miles
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Best Western Plus Chelsea Hotel
7.88 miles
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Days Inn by Wyndham Monticello
7.95 miles
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AmericInn Motel - Monticello
8.21 miles
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Papa Murphy's
0.46 miles
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Domino's
0.54 miles
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Sakura
0.58 miles
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Taco John's
0.59 miles
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KFC
0.61 miles
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El Huichol Mexican Restaurant
0.64 miles
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Jersey Mike's Subs
0.69 miles
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Aloha
0.69 miles
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Arby's
0.70 miles
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Thirsty Buffalo Saloon
0.81 miles
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Wright County Technical Center
0.09 miles
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Buffalo Community Middle School
0.30 miles
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Tatanka Elementary School
0.86 miles
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Phoenix Learning Center
1.00 miles
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Parkside Elementary School
1.19 miles
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Northwinds Elementary School
1.20 miles
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Buffalo High School
1.94 miles
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Little Mountain Elementary
7.73 miles
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Monticello High School
8.00 miles
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Eastview Elementary
8.14 miles
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Teddy11Bear Treehouse Preschool
0.97 miles
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Lil' Explorers Childcare Center
1.30 miles
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Kid's Haven Child Care & Preschool
1.99 miles
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Playhouse Child Care Center
7.94 miles
Frequently Asked Questions
The space currently listed for sale at 300 Catlin St asks for $2,525,000.
300 Catlin St totals 12,251 square feet.
300 Catlin St was built in 1999.
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