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Medical Real Estate Portfolio
PORTFOLIO INCLUDES 4 - WALK IN CLINICS
1 - EYE CLINIC
123 Broadway, Suite 200, Fargo, ND 58102
Dan Sturlaugson, Broker – 701-371-8284 | [email protected]
FOR SALE
EXECUTIVE SUMMARY
THE OFFERING
100% Leased
4 Premier Locations
Offered at $4,456,500
INVESTMENT HIGHLIGHTS
7% CAP Rate
$315,556 Annual Rent
$3,660 * LL Insurance Expense
$311,956 EBITDA
Fully Leased:
100 % Leased to Regional Healthcare Provider
4.5 years left on 5 year base term
(2) 5 year renewal options with 8% increase on renewal
NNN * Lease
Premier Location:
All 4 Locations are in Premier Retail Areas
2 Clinics in Fargo, ND
1 Clinic in Moorhead, MN
1 Clinic in Detroit Lakes, MN
Established Use:
Well established Walk – in – Clinic
Extended hours of operation
PROPERTY INFORMATION
PROPERTIES SQUARE FEET ANNUAL RENT
1. 4622 40th Ave. S, Fargo, ND 58104 7,310 $134,723
2. 1517 32nd Ave. S, Fargo, ND 58103 3,979 $80,216
3. 720 Main Ave., Moorhead, MN 56560 1,602 $45,881
4. 1361 Wenner Road, Detroit Lakes, MN 56501 2,488 $54,736
Total Annual Rent $315,556
* LL Insurance $3,600
Total EBITDA $311,956
FOR SALE 4622 40TH AVE. S | FARGO, ND
Fargo - Osgood Clinic
Year Built 2007
7,310 SF
100% Leased
Well maintained building and
grounds
2 Businesses
Essentia Health 7 Day Walk in
Clinic
Essentia Health Osgood Eyecare
Professionals
Large Neighborhood Retail
Center
Anchored by Large Regional
Grocery Chain and many
National Tenants
Hornbachers
Caribou Coffee
Dairy Queen
Alerus Bank
Jimmy Johns
Holiday Gas Station
Well Established Neighborhood
with a High Growth Rate
FOR SALE 1517 32ND AVE. S | FARGO, ND
Fargo Clinic
Year Built 2002
3,979 SF
100% Leased
Well Maintained Building and
Grounds
Essentia Health 7 Day Walk in
Clinic
High Traffic Location
Shared Access to Large Regional
Grocery Chain
Well Established Neighborhood
Retail Area with many National
Tenants
Hornbachers
Caribou Coffee
O’Reilly Auto Parts
Wells Fargo Bank
Domino’s
Papa Murphy’s
Cold Stone Creamry
Dakota Boys Ranch
Holiday Gas Station
FOR SALE 720 Main Ave. | Moorhead, MN
Moorhead Clinic
Year Built N/A
1,602 SF
100% Leased
Well Maintained Building
Essentia Health 7 Day Walk in
Clinic
Historic Downtown Moorhead
Minnesota Location
Located near Concordia College
and Minnesota State University
Moorhead
Highest Traffic Count in
Moorhead, MN
Well Established Neighborhood
Retail Area
Many National Tenants
Walgreens
McDonalds
Kentucky Fried Chicken
Subway
FOR SALE 1361 WENNER ROAD | DETROIT LAKES, MN
Detroit Lakes Clinic
Year Built 2007
2,488 SF
100% Leased
Well Maintained Building and
Grounds
Essentia Health 7 Day Walk in
Clinic
High Growth Area
Regional Retail Area
Anchored by Major Retailers
Walmart
Menards
Easy Access to Highway 10
