Portfolio of four Medical Treatment Centers in Minnesota. NNN leases with annual rent increases, ranging from 2.75% - 5.00%. (remainder of CPI increase carried forward indefinitely).
These locations have operated as Chemical Dependency Centers from 20 to 50 years. All properties have been leased to current tenant for over 15 years. It is extremely challenging to receive zoning approval for chemical dependency centers, making renewal highly likely due to these barriers to entry.
One property has a lease signed by BHG with a guaranty by BHG Holdings LLC with 117 locations in 24 states. BHG is the largest network of opioid treatment centers in the U.S.
Three properties have a guaranty by Meridian Behavioral Health, LLC. Meridian is one of over 150 companies owned by Audax Group which has over $14 billion in assets.
Meridian Behavioral Health is one of the fastest growing, leading behavioral healthcare platforms in the country. Currently, there are 20 locations; 10 operating under Meridian name and 10 operating under New Beginnings. Properties located throughout Minnesota.
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What is the asking price for 3329 University Avenue Southeast-Portfolio in Minneapolis?
The asking price for 3329 University Avenue Southeast-Portfolio is $17,848,912
What is the building size of this Office property in Minneapolis, MN?
The size of the building/unit at 3329 University Avenue Southeast-Portfolio in Minneapolis is 53,071 square feet
What kind of Office is the propery at 3329 University Avenue Southeast-Portfolio ?
The property at 3329 University Avenue Southeast-Portfolio Minneapolis, MN 55414 is listed as a Medical Office property
What is the population within 1 mile of 3329 University Avenue Southeast-Portfolio in Minneapolis?
The population within 1 mile of 3329 University Avenue Southeast-Portfolio Minneapolis, MN 55414 is 15,395 people.
Who do I contact for questions about 3329 University Avenue Southeast-Portfolio ?
You should contact the listing agent,
Deborah Vannelli, for any details regarding this commercial listing.
