Duluth Medical Building Portfolio 2 Office Properties in Multiple Locations

Zeustra Healthcare Real Estate Advisors (“Zeustra”) is pleased to present this exclusive investment opportunity: a fully occupied, four-property medical office portfolio totaling approximately 60,681 rentable square feet across established healthcare markets in Duluth, Proctor, and Virginia, Minnesota.

Combined, the portfolio generates approximately $1.665 million in stable, in-place net operating income, supported by long-term leases with leading regional healthcare systems. The assets are 100% leased and benefit from continued occupancy by mission-critical outpatient clinics serving their respective communities.

All leases across the portfolio are structured on a triple net lease basis, with tenants responsible for taxes, insurance, utilities, and the majority of operating expenses. This structure provides investors with predictable, expense-protected cash flow and minimal landlord responsibilities.

The portfolio also benefits from contractual rent escalations and a staggered lease expiration schedule extending from 2027 through 2032, supporting income durability and long-term visibility.

The tenancy is anchored by Essentia Health and Aspirus St. Luke’s, two of the region’s premier healthcare providers, each with deep community integration and long-standing operating histories at their respective locations. These facilities provide essential medical services with recurring, non-discretionary demand, reinforcing the stability of the income stream.

Situated in established healthcare corridors throughout northeastern Minnesota, the properties offer strong accessibility, visibility, and patient convenience, key drivers of tenant retention and long-term performance. The combination of high occupancy, institutional-quality tenants, and net lease structures positions this portfolio as a stable,
income-oriented investment with limited management burden.

This offering provides investors with the opportunity to acquire a fully stabilized healthcare real estate portfolio featuring durable cash flow, strong tenant credit, and long-term lease structures—well suited for private investors, 1031 exchange buyers, and healthcare-focused capital seeking dependable yield and long-term appreciation.