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NORTHVIEW DENTAL 4700 N Lexington Ave N

15,497 SF 100% Leased Office Building Shoreview, MN 55126 $4,523,589 CAD ($292 CAD/SF)

Office Space Minnesota Shoreview 4700 N Lexington Ave N, Shoreview, MN 55126

Investment Highlights

  • NNN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES | The NNN lease structure offers a passive investment opportunity for both local and national.
  • FUTURE RENT UPSIDE | Opportunity to increase lower level rate, which significantly enhances property income and value.
  • BUILT-IN EXIT STRATEGY | Once lower level rents align with market rates, the property becomes a more attractive asset to future buyers.
  • STRONG TENANT FINANCIALS | Dentists typically maintain solid revenue due to routine patient visits and insurance-backed income.
  • FAVORABLE HISTORICAL OCCUPANCY | The dental practice has occupied this location for decades, demonstrating the success of the current property use.
  • HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY | Dental practices are highly sought-after investments due to their resilience.

Executive Summary

Broker of Record
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
15,497 SF
Building Class
C
Year Built
2003
Price
$4,523,589 CAD
Price Per SF
$292 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,748 SF
Slab To Slab
10’
Building FAR
0.08
Lot Size
4.70 AC
Parking
65 Spaces (4.84 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Conferencing Facility
  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 14-30-23-33-0006 Improvements Assessment $2,590,562 CAD
Land Assessment $752,694 CAD Total Assessment $3,343,257 CAD

PROPERTY TAXES

Parcel Number
14-30-23-33-0006
Land Assessment
$752,694 CAD
Improvements Assessment
$2,590,562 CAD
Total Assessment
$3,343,257 CAD
(612) 605-8201

Contacts

  • Listing ID: 34245449

  • Date on Market: 2024-12-19

  • Last Updated:

  • Address: 4700 N Lexington Ave N, Shoreview, MN 55126

The Office Property at 4700 N Lexington Ave N, Shoreview, MN 55126 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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NORTHVIEW DENTAL | 4700 N Lexington Ave N
(612) 605-8201 x

NORTHVIEW DENTAL | 4700 N Lexington Ave N

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Michael Stoffel

(612) 605-8201

(612) 605-8201

Jacob Friedman

(847) 204-7103

(847) 204-7103

Kurt Sauer

(866) 889-0550

(866) 889-0550

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