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414 Main St NW 6,000 SF Office Building Elk River, MN 55330 $5,104,057 CAD ($850.68 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 15-Year NNN lease with 3% annual increases; avg cap rate 7.63% across base term
- Relocation clinic for AOMS Oral Surgeons with 7 surgeons serving growing demand
- US-169 sees 45,000+ cars/day; adjacent to Walmart Supercenter and Home Depot
- Specialty Dental Brands: 250+ location national operator focused on oral surgery
- Rare one (1) ten-year renewal option structure beyond the 15-year base term
- Avg HH income $131,595 within 5 miles; 2.0% annual population growth
Executive Summary
Kurt Sauer
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$5,104,057 CAD
Price Per SF
$850.68 CAD
Cap Rate
6.25%
NOI
$319,004 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.11
Lot Size
1.24 AC
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,124,391 CAD | |
| Land Assessment | $728,759 CAD | Total Assessment | $1,853,151 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$728,759 CAD
Improvements Assessment
$1,124,391 CAD
Total Assessment
$1,853,151 CAD
Contacts
-
Thor St John -
Kyle Mackulak -
Rahul Chhajed -
Michael Moreno -
Tyler Swade -
Matthews Real Estate Investment Services
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Photos
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414 Main St NW
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