5200 Douglas DrCrystal, MN 55429
For Sale
$4,200,000
NNN Lease, 7.76% Cap Rate, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- New 15-year corporate NNN lease with three 5-year renewal options.
- Attractive rental increases; 9.26% blended cap rate, 42% rent growth during initial lease term (8% in year 4, then 2.5% annually).
- Triple-net lease with limited landlord responsibilities.
- Fully renovated 6,489 SF medical office building; over $1.7M in improvements completed in 2023.
- Excellent location near multiple senior living communities (approx. 1,000 units within 2 miles).
Property Details for 5200 Douglas Dr
- Property type
- Office properties, Medical offices
- Square Feet
- 6,489 SF
- Year Built/Renovated
- 1963/2023
Location Insight
- City
- Crystal
- County
- Hennepin
- State
- Minnesota
- Latitude
- 45.0484975
- Longitude
- -93.3597809
5200 Douglas Dr, Crystal, Minnesota
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - NNN Lease, 7.76% Cap Rate, Strong Tenant
- Where is the office property located?
- The property is located at 5200 Douglas Dr Crystal, MN.
- What is the asking price?
- The asking price for this property is $4,200,000.
- What are key features of this property?
- This property features: New 15-year corporate NNN lease with three 5-year renewal options.; Attractive rental increases; 9.26% blended cap rate, 42% rent growth during initial lease term (8% in year 4, then 2.5% annually).; Triple-net lease with limited landlord responsibilities.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website