1559 7Th St, Saint Paul, MN 55102
5,361 SF | Office Building | Saint Paul, MN 55102 | $2,410,000 ($450/SF) | 6.73% Cap Rate
For Sale
Active
Asking Price $2,410,000
- Property Type
-
Office
- Square Feet
- 5,361 SF
- Price / Square Foot
- $450
Listing Contacts
- Property Info
Property Overview
1559 7th Street W is an excellent investment opportunity to purchase a single-story, 5,361-square-foot office asset fully occupied by a Standard & Poor’s Investment Grade (S&P: BB) tenant in Saint Paul, Minnesota. The existing tenant, DaVita, Inc., is responsible for all costs associated with the property through an absolute net lease. The lease has four years remaining, with three five-year renewal options and 2% rent escalations.
DaVita Inc. provides kidney dialysis services through a network of 2,816 outpatient centers in the United States that serve approximately 204,200 patients and 321 outpatient dialysis centers in 10 other countries that serve 3,200 patients. Davita has a 37% market share in the US dialysis market. It is organized in Delaware, based in Denver, and ranked 271 on the Fortune 500 list.
The property sits on 0.44 acres and has building signage on the corner of Highway 5 and Rogers Street, which is traveled by 13,773 vehicles daily. 1559 7th Street is less than five minutes from the Interstate 35E interchange, connecting to St. Paul and into the greater Minneapolis are. The Minneapolis-St. Paul International Airport, an award-winning international hub for all who travel, lies 4 miles from the complex. Many shopping, dining, and entertainment amenities are within one mile of the property at the West Seventh-Fort Road area, the Summit Hill Neighborhood, and along Interstate 35E.
Minneapolis and St. Paul, often regarded as the Twin Cities, are located 10 minutes away from 1559 7th Street W and consistently ranked as one of the world's best places to live, work, and play. The Twin Cities are home to many professional sports teams and venues, including US Bank Stadium, home to the Vikings (NFL), Target Center, home to the Timberwolves (NBA) and the Lynx (WNBA), as well as the Twins (MLB) who play at neighboring Target Field, all in Minneapolis. The Wild (NHL) play at Xcel Energy Center, and the MNUFC Loons (MLS) play at Allianz Field in St. Paul. The surrounding area is well-educated due to the access to the University of Minnesota and the University of St. Thomas. Within a 3-mile radius of the property, 51% of residents have a college degree and higher, and 32% have a bachelor’s degree.
DaVita Inc. provides kidney dialysis services through a network of 2,816 outpatient centers in the United States that serve approximately 204,200 patients and 321 outpatient dialysis centers in 10 other countries that serve 3,200 patients. Davita has a 37% market share in the US dialysis market. It is organized in Delaware, based in Denver, and ranked 271 on the Fortune 500 list.
The property sits on 0.44 acres and has building signage on the corner of Highway 5 and Rogers Street, which is traveled by 13,773 vehicles daily. 1559 7th Street is less than five minutes from the Interstate 35E interchange, connecting to St. Paul and into the greater Minneapolis are. The Minneapolis-St. Paul International Airport, an award-winning international hub for all who travel, lies 4 miles from the complex. Many shopping, dining, and entertainment amenities are within one mile of the property at the West Seventh-Fort Road area, the Summit Hill Neighborhood, and along Interstate 35E.
Minneapolis and St. Paul, often regarded as the Twin Cities, are located 10 minutes away from 1559 7th Street W and consistently ranked as one of the world's best places to live, work, and play. The Twin Cities are home to many professional sports teams and venues, including US Bank Stadium, home to the Vikings (NFL), Target Center, home to the Timberwolves (NBA) and the Lynx (WNBA), as well as the Twins (MLB) who play at neighboring Target Field, all in Minneapolis. The Wild (NHL) play at Xcel Energy Center, and the MNUFC Loons (MLS) play at Allianz Field in St. Paul. The surrounding area is well-educated due to the access to the University of Minnesota and the University of St. Thomas. Within a 3-mile radius of the property, 51% of residents have a college degree and higher, and 32% have a bachelor’s degree.
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 19,166 SF
Highlights
- 1559 7th St W is a rare chance to purchase a 5,361 SF prime single-story medical building that is home to the DaVita Dialysis Center.
- Visitors and tenants appreciate the convenient accessibility to Interstates 33E and 94, and the Minneapolis-St. Paul International Airport.
- DaVita is the leading kidney care provider in the US, with 37% of the market share and over 200,000 dialysis patients.
- Just outside of Downtown Minneapolis and St. Paul, offering quick access to the area's amenities and the Universities of Minnesota and St. Thomas.
- The tenant is responsible for all costs associated with the property and has four years remaining in the term and three five-year options to renew.
- The Twin Cities are often recognized as one of the highest-quality places to live in the nation for safety, sustainability, charity, and art.
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