Twin Town Treatment Center - Meridian Behavioral Health

1706 University Avenue West, Saint Paul, MN 55104

$8,539,240

Cap Rate 6.50%

Views: 10 DOM: 11 Updated: 02.12.25 Posted: 02.12.25 Status: Active 02.15.25

Summary

Price $8,539,240	Built/Renov 1965	Tenant Twin Town Treatment Center - Meridian Behavioral Health
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 11,140	Lease Start 01-01-2014	#Units 21
Price/SF $766.54	Expiration 12-31-2033	Tenant Type Medical/Health
NOI $555,050	R. Term 8.10	Ownership Fee Simple
Rent/SF $49.82	Increases 3.0%/1/yrs	Pop 5Mi 450,970
Lot/AC 0.18	Options 0/0yrs	AHHI 5Mi $105,456

Lease Highlights

Annual rent increases are the greater of 3% or CPI, with a 5% cap per year; excess carries over.
NOI is shown with a minimum of 3% annual increases, and the CPI for 2024 was 4.80% rent increase.
51-bed residential chemical dependency treatment facility, featuring two buildings: a three-story dormitory and a two-story administration building.
The two buildings are connected by an underground tunnel, offering convenient access between the dormitory and administrative spaces.
The property includes five parcels: client building, administration building, yard/parking, garage, and parking lot, providing ample space.
The Metro Transit light rail system runs directly in front of Twin Town, serving over 14 million passengers annually.

Location Description

The Twin Town Men's Residential Treatment Program is situated at 1706 University Avenue West in Saint Paul, MN. Located on a signalized hard corner, the property benefits from excellent visibility and accessibility. The surrounding area includes several educational institutions, such as Jackson Elementary School, Galtier Elementary School, Ramsey Middle School, Washington Middle School,...

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Key Features

Signalized intersection
Hard corner intersection
In location for years
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Annual rent increases
Corporate Guarantee

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Links

Twin Town Treatment Center Wikipedia St. Paul, Minnesota Zip Code 55104 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Meridian Behavioral Health
Guarantor:Corporate
Company:Renovus Capital
# Units:21

About Tenant

Meridian Behavioral Health, LLC was purchased by Renovus Capital in October 2023. Based in the Twin Cities area of Minneapolis-St. Paul, Meridian Behavioral Health is one of the fastest growing,...

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Listing Broker

Keith Sturm

Upland Real Estate Group, Inc.

Contact

72 Listings
10249 Views
16 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
10249 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
10249 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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