Log In/Sign Up
Your email has been sent.
Behavioral Health Group Clinic 3329 SE University Ave 11,270 SF Office Building Minneapolis, MN 55414 $3,557,865 CAD ($315.69 CAD/SF) 7% Cap Rate
Investment Highlights
- Behavioral Health Clinic operates as an outpatient opiate treatment center providing narcotic replacement therapy.
- The building was extensively remodeled in 2012 at a cost of $750,000, including a new lobby, elevator, 1st floor remodel & 2nd floor build out.
- Behavioral Health Clinic is located near the University of Minnesota campus which has over 52,300 students.
- Lease guaranteed by Behavioral Health Group which operates 115 locations in 21 states, BHG has more than 1,900 employees.
- The Metro Transit light rail system passes directly in front of Alliance Clinic, and carries over 14 million passengers per year.
- Portfolio of 3 properties, available for portfolio or individual acquisition.
Executive Summary
3329 University Ave SE in Minneapolis, MN is offered for sale as a net-leased investment property occupied by Behavioral Health Group (BHG), a leading provider of outpatient opioid treatment services. The property consists of an 11,270 SF building on 0.49 acres and is located near the University of Minnesota campus, benefiting from strong transit access with the Metro Transit light rail system passing directly in front. The building underwent a major renovation in 2012, including a new lobby, elevator, and full interior upgrades, at a cost of approximately $750,000. The lease is guaranteed by BHG Holdings, LLC, which operates 115 locations across 21 states and serves over 42,000 patients annually. The current NNN lease runs through December 2030 with 2.75% annual rent increases, providing stable income and a 7.00% cap rate.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,270 SF
Building Class
C
Year Built/Renovated
1958/2012
Price
$3,557,865 CAD
Price Per SF
$315.69 CAD
Cap Rate
7%
NOI
$249,050 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,270 SF
Slab To Slab
11’
Building FAR
0.53
Lot Size
0.49 AC
Zoning
C1 - Commercial
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 30-029-23-41-0054 | Improvements Assessment | $1,373,845 CAD |
| Land Assessment | $1,020,629 CAD | Total Assessment | $2,394,474 CAD |
Property Taxes
Parcel Number
30-029-23-41-0054
Land Assessment
$1,020,629 CAD
Improvements Assessment
$1,373,845 CAD
Total Assessment
$2,394,474 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Behavioral Health Group Clinic | 3329 SE University Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.