$2,700,000

212 10th Ave NE

New Prague MN, 56071

Description

Incredible Medical NNN investment at a 7.23% cap rate with a world-class tenant. The Tenant, Mayo Clinic Health System - Southwest Minnesota Region d/b/a Mayo Clinic Health System - New Prague, has been in the building for ~8 years. Tenant currently in their second five (5) year option with additional five (5) year option to renew. The property was built out specifically for the Mayo Clinic Health System's needs in 2012. This clinic is Located in New Prague, MN, near a Mayo Clinic Hospital also located in New Prague. This 8,320 SF building is in excellent condition with ample parking, easy and convenient access and great visibility.

Details

MLS#5495812
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2000
Days On Site31

Features

SQ Feet8,320
Story(s)1
Units1
ZoningBusiness/Commercial

Market Activity 56071

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Area Information

StateMN
CountyScott
CityNew Prague
Zip Code56071
AreaNew Prague (MN)
Listing VS Median (in 56071)
Price:
$2,700,000
low | high
Med:
$155,000
100% of Average
SqFt:
8,320
low | high
Med:
1,092
100% of Average
$ / SqFt:
$325
low | high
Med:
$142
100% of Average
On Site:
31
low | high
Med:
48
64.583333333333% of Average
Listing Updated: 04/01/2020
MLS Number: 5495812
Listing Provided By:
Mark Hulsey  of  RE MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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