Incredible Medical NNN investment at a 7.50% 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 Seller, who has 50+ years in the Medical Field including Mayo Clinic specifically, strongly believes the Tenant will exercise their next 5 year option to renew (supporting insight available from Listing Brokers). 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.
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Listing information last updated on August 8th, 2020 at 10:21am CDT.
Listing information last updated on August 8th, 2020 at 10:47am CDT.