7601 Wayzata BlvdMinneapolis, MN 55426

For Sale
$2,650,000
8,353 SF Medical Office, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 8,353-square-foot medical office building, located at 7601 Wayzata Boulevard in Minneapolis, Minnesota, presents a compelling investment opportunity. The property, built in 1965 and extensively renovated in 2021, boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $221,220. The asking price is $2,650,000. Situated on a 0.46-acre lot, the building offers ample parking with 26 spaces. The single-tenant, NNN lease structure provides a stable income stream. This highly visible location on Wayzata Boulevard near Louisiana Avenue and Interstate 394 ensures excellent accessibility to both downtown Minneapolis and the surrounding suburbs. The property benefits from a robust trade area, including luxury car dealerships, retail stores, and complementary healthcare services, further enhancing its value and appeal. The surrounding area also includes residential properties. This is a prime investment in a desirable Minneapolis suburb with a strong, stable tenant base. The building's location in a heavily trafficked area ensures high visibility and accessibility for patients and staff.

Highlights

  • 8,353 SF medical office building in Minneapolis, MN, on a 0.46-acre lot with 26 parking spaces.
  • NNN leased to a subsidiary of UnitedHealth Group, founded in 2011, with $226B in 2023 revenue.
  • 8.00% cap rate, $221,220 NOI, $2,650,000 asking price.
  • Excellent visibility and accessibility on Wayzata Blvd near I-394, with nearby medical and retail amenities.
  • Strong trade area and stable tenant in a desirable Minneapolis suburb.

Property Details for 7601 Wayzata Blvd

Property type
Office properties, Medical offices
Square Feet
8,353 SF
Year Built/Renovated
1965/2021
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9706693
Longitude
-93.3766302
7601 Wayzata Blvd, Minneapolis, Minnesota

FAQs

What type of property is this?
Office property - 8,353 SF Medical Office, 8% Cap Rate
Where is the office property located?
The property is located at 7601 Wayzata Blvd Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 8,353 SF medical office building in Minneapolis, MN, on a 0.46-acre lot with 26 parking spaces.; NNN leased to a subsidiary of UnitedHealth Group, founded in 2011, with $226B in 2023 revenue.; 8.00% cap rate, $221,220 NOI, $2,650,000 asking price.
How can I contact the broker?
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7601 Wayzata Blvd
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