Behavioral Health Group Clinic

3329 University Ave SE, Minneapolis, MN 55414

$2,698,215

Cap Rate 6.50%

Views: 14 DOM: 11 Updated: 02.12.25 Posted: 02.12.25 Status: Active 02.15.25

Summary

Price $2,698,215	Built/Renov 1958/2012	Tenant Behavioral Health Group Clinic
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 11,270	Lease Start 11-14-2021	#Units 115
Price/SF $239.42	Expiration 12-31-2030	Tenant Type Medical/Health
NOI $175,303	R. Term 5.10	Ownership Fee Simple
Rent/SF $15.55	Increases 3.0%/1/yrs	Pop 5Mi 528,432
Lot/AC 0.49	Options 0/0yrs	AHHI 5Mi $108,284

Lease Highlights

The property operates as an outpatient opiate treatment clinic, providing essential services for individuals seeking recovery and support.
Annual rent increases are 3% for the first 4 years, then 2.75% annually for the remaining 3 years of the lease.
The building underwent extensive remodeling in 2012 at a cost of $750,000, enhancing the lobby, second floor, and adding an elevator.
The 1st floor was remodeled and a new lobby addition created, improving accessibility and the overall patient experience at the clinic.
The Metro Transit light rail system runs directly in front of Behavioral Health Group, with over 14 million annual passengers.
This prime location offers high visibility and foot traffic due to the light rail's major commuter route passing the property.

Location Description

The Behavioral Health Group Clinic, located at 3329 University Ave SE in Minneapolis, MN, enjoys a highly visible and accessible location near major national retailers such as Target, CVS, and Starbucks. Its proximity to the University of Minnesota, which has a student population of approximately 52,000, provides access to a large and diverse clientele. Surrounded by various educational...

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Key Features

In location for years
Major thoroughfare
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Behavioral Health Group Clinic Wikipedia Minneapolis, Minnesota Zip Code 55414 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Behavioral Health Group
Guarantor:Corporate
Company:Behavioral Health Group
# Units:115
Stock:Private

About Tenant

The tenant on the lease is Alliance Clinic, LLC (a Minnesota LLC). Guarantor is BHG Holdings, LLC. Behavioral Health Group, is an opiate treatment program and outpatient clinic serving the...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	24,092	205,764	540,809
2023 Total Population :	22,527	200,401	527,205
2023 Employed Civilian Pop :	13,173	114,728	310,575
2023 Total Businesses :	1,100	9,883	22,836
2023 Average Household Income :	$ 81,167	$ 98,239	$ 103,817
2023 Total Consumer Spending :	$ 668 M	$ 7284 M	$ 20984 M
2023 Median Age :	24	31	34
2023 Total Households :	9,340	85,115	233,058
2023 Pop Age 25+: Bachelor's Degree :	4,002	39,901	118,740
2023 Average Home Value :	$ 447,307	$ 431,695	$ 420,339

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
University Ave SE	Malcolm Ave SE	2019	14,300	0.17 mi
Southeast Malcolm Avenue	4th St SE	2021	1,307	0.17 mi
Berry St	Charles Ave	2018	2,500	0.19 mi
Territorial Road	Curfew St	2021	4,104	0.29 mi
W University Ave	Ellis Ave	2019	14,300	0.32 mi
University Ave	Curfew St	2016	15,100	0.32 mi
Franklin Ave SE	Cecil St SE	2017	4,750	0.33 mi
N Eustis St	Territorial Rd	2008	14,350	0.37 mi
CON 772	Cromwell Ave	2021	8,181	0.37 mi
Franklin Ave	Curfew St	2017	7,800	0.42 mi

Listing Broker

Keith Sturm

Upland Real Estate Group, Inc.

Contact

72 Listings
10240 Views
16 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
10240 Views
16 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Upland Real Estate Group, Inc.

Contact

72 Listings
10240 Views
16 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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