Single-Tenant Office Medical

Twin Cities Orthopedics

Listing Price: $3,400,000

Cap Rate
7.41%
Tenant Name
Twin Cities Orthopedics
Years Remaining On Lease
4.50
Gross SF
21,280
Guarantor
Corporate Guarantee
Rentable SF
21,280
Price/Gross SF
$159.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.84

Investment Overview

LOCATED 30 MILES EAST OF MINNEAPOLIS

AVERAGE HOUSEHOLD INCOME OF $124,250 WITHIN FIVE MILES

Investment Highlights

  • TRIPLE-NET LEASE (LIMITED LANDLORD RESPONSIBILITIES)
  • CATALYST POWERED BY TCO (TWIN CITIES ORTHOPEDICS HAS 36 LOCATIONS)
  • NEW FIVE-YEAR LEASE WITH ANNUAL INCREASES
  • COMPLETELY RENOVATED FACILITY IN 2015
  • ONE -FIVE YEAR OPTION TO EXTEND (WITH RENT INCREASES)
  • MEDICAL & SPORTS COMPLEX BUILDOUT

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Single-Tenant Office Medical

Twin Cities Orthopedics

Listing Price: $3,400,000

Cap Rate
7.41%
Tenant Name
Twin Cities Orthopedics
Years Remaining On Lease
4.50
Gross SF
21,280
Guarantor
Corporate Guarantee
Rentable SF
21,280
Price/Gross SF
$159.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.84

Investment Highlights

  • TRIPLE-NET LEASE (LIMITED LANDLORD RESPONSIBILITIES)
  • CATALYST POWERED BY TCO (TWIN CITIES ORTHOPEDICS HAS 36 LOCATIONS)
  • NEW FIVE-YEAR LEASE WITH ANNUAL INCREASES
  • COMPLETELY RENOVATED FACILITY IN 2015
  • ONE -FIVE YEAR OPTION TO EXTEND (WITH RENT INCREASES)
  • MEDICAL & SPORTS COMPLEX BUILDOUT

Investment Overview

LOCATED 30 MILES EAST OF MINNEAPOLIS

AVERAGE HOUSEHOLD INCOME OF $124,250 WITHIN FIVE MILES

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

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