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1850 Weir Dr
Woodbury, MN 55125
Woodgate Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully leased medical and retail center with national credit tenancy
- Anchored by DaVita, a leading dialysis provider
- Strong income growth potential in affluent Twin Cities suburb
- Located directly across from Woodwinds Hospital in Woodbury
- High traffic visibility near I-494 and major healthcare facilities
- Prime medical location in Woodbury
EXECUTIVE SUMMARY
PRIME MEDICAL LOCATION IN WOODBURY
Positioned directly across from Woodwinds Hospital in the thriving healthcare corridor of Woodbury, The Woodgate Center offers investors a fully leased, income-generating asset with national credit tenancy and long-term upside. This 17,031-square-foot medical and retail property sits on nearly 2 acres and benefits from exceptional visibility and traffic along Weir Drive, a key arterial near I-494.
Anchored by DaVita, a nationally recognized dialysis provider, the center also includes a mix of service and retail tenants such as Joey C’s Pizza, JKBT Karate, and GAR, creating a balanced and resilient rent roll. The property’s 100% occupancy and current NOI of $128,841 underscore its stability, while the surrounding medical infrastructure and affluent residential base support continued rental growth.
Woodbury is one of the Twin Cities’ fastest-growing suburbs, known for its high household incomes, strong healthcare presence, and proximity to major employment centers. The site’s adjacency to Woodwinds Hospital and M Health Fairview facilities enhances its appeal for medical tenants and positions it as a strategic healthcare investment.
This is a rare opportunity to acquire a stabilized, multi-tenant asset in a high-demand submarket with built-in income and long-term appreciation potential.
Positioned directly across from Woodwinds Hospital in the thriving healthcare corridor of Woodbury, The Woodgate Center offers investors a fully leased, income-generating asset with national credit tenancy and long-term upside. This 17,031-square-foot medical and retail property sits on nearly 2 acres and benefits from exceptional visibility and traffic along Weir Drive, a key arterial near I-494.
Anchored by DaVita, a nationally recognized dialysis provider, the center also includes a mix of service and retail tenants such as Joey C’s Pizza, JKBT Karate, and GAR, creating a balanced and resilient rent roll. The property’s 100% occupancy and current NOI of $128,841 underscore its stability, while the surrounding medical infrastructure and affluent residential base support continued rental growth.
Woodbury is one of the Twin Cities’ fastest-growing suburbs, known for its high household incomes, strong healthcare presence, and proximity to major employment centers. The site’s adjacency to Woodwinds Hospital and M Health Fairview facilities enhances its appeal for medical tenants and positions it as a strategic healthcare investment.
This is a rare opportunity to acquire a stabilized, multi-tenant asset in a high-demand submarket with built-in income and long-term appreciation potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,320 SF
Building Class
C
Year Built
1989
Price
$4,165,560 CAD
Price Per SF
$240.51 CAD
Cap Rate
4.29%
NOI
$178,898 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.90 AC
Zoning
B-3, Woodbury
Parking
62 Spaces (3.71 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 07-028-21-42-0006 | Improvements Assessment | $2,952,132 CAD |
| Land Assessment | $689,261 CAD | Total Assessment | $3,641,394 CAD |
PROPERTY TAXES
Parcel Number
07-028-21-42-0006
Land Assessment
$689,261 CAD
Improvements Assessment
$2,952,132 CAD
Total Assessment
$3,641,394 CAD
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