1903 6Th StBrainerd, MN 56401

For Sale
$1,250,000

High-Cap Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 14,105 square foot medical office building situated on a 1.53-acre lot at 1903 South 6th Street, Brainerd, MN 56401. Built in 1982 and renovated in 2004, the property boasts a desirable 7.50% cap rate and is currently 80% occupied by established orthodontic and dermatology practices, leaving space for an additional tenant. The building features 81 parking spaces, providing ample convenience for patients and staff. Located on the bustling South 6th Street corridor, this property benefits from its position within a thriving medical community and proximity to various service businesses. The attractive common area foyer enhances the professional image and provides a welcoming atmosphere. The property is zoned GC - General Commercial (APN: 41360879 ; 09142003001Z009) and offers easy access for tenants. This is a prime opportunity for investors seeking a strong return in a growing market. The building's size, location, and current occupancy make it an attractive investment prospect with significant potential for future growth. The existing tenants provide a stable income stream, while the available space offers the chance to increase revenue. This property is offered at an asking price of $1,250,000 with a triple net (NNN) lease structure.

Highlights

  • $1,250,000 asking price.
  • 14,105 SF medical office building.
  • 7.50% cap rate.
  • NNN lease.
  • Located at 1903 South 6th Street, Brainerd, MN 56401.
  • 81 parking spaces on a 1.53-acre lot.

Property Details for 1903 6Th St

Property type
Other office properties, Medical offices
Square Feet
14,105 SF
Year Built/Renovated
1982/2004
Lot Size (sq. ft)
66,647 SF

Location Insight

City
Brainerd
County
Crow Wing
State
Minnesota
Latitude
46.3360118
Longitude
-94.1998107
1903 6Th St, Brainerd, Minnesota

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1903 6Th St
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