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Single-Tenant Office Medical

Herself Health - Crystal, MN

5200 Douglas Dr N, Crystal, MN 55429

Listing Price: $4,825,000

Cap Rate
6.75%
Tenant Name
Herself Health
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
6,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.21

Investment Overview

Fully Renovated to Tenant’s Specifications
- Over $1.7 Million in Improvements Completed

Multiple Senior Living Communities in Area
- Approximately 1,000 Units within 2 Miles

Seasoned Leadership Team Resumés
- C Suite comprised of former executives of Amazon Care, Humana, DaVita, Oak Street Health, and
Tenet Healthcare

Investment Highlights

  • New Fifteen Year Corporate Lease - Three Five Year Options to Renew
  • Attractive Rental Increases (8.10% Blended Cap) - 42% Rent Growth During Initial Lease Term - 8% in Year 4 | 2.5% Annually Thereafter
  • Triple Net Lease Structure - Limited Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Single-Tenant Office Medical

Herself Health - Crystal, MN

Listing Price: $4,825,000

Cap Rate
6.75%
Tenant Name
Herself Health
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
6,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.21

Investment Highlights

  • New Fifteen Year Corporate Lease - Three Five Year Options to Renew
  • Attractive Rental Increases (8.10% Blended Cap) - 42% Rent Growth During Initial Lease Term - 8% in Year 4 | 2.5% Annually Thereafter
  • Triple Net Lease Structure - Limited Landlord Responsibilities

Investment Overview

Fully Renovated to Tenant’s Specifications - Over $1.7 Million in Improvements Completed Multiple Senior Living Communities in Area - Approximately 1,000 Units within 2 Miles Seasoned Leadership Team Resumés - C Suite comprised of former executives of Amazon Care, Humana, DaVita, Oak Street Health, and Tenet Healthcare

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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