16991 198th Ave NW Big Lake, MN 55309

Listing details for 16991 198th Ave NW, Big Lake, MN 55309 : Park Dental Net-Lease Investment. The tenant, has been in this location for 5 years and just renewed for another 3 years showing commitment to this location and market. +/- 3.5 years remaining on the lease with a 12/31/2025 expiration. Tenant has (2) additional 3 year options to renew. Seller built the property in 2007 with excellent detail and construction quality, and sold their Dental Practice to Park Dental at the end of 2017. Strong tenancy with -52 Park Dental locations throughout MN. Tenant pays Base Rent, CAM, Property Insurance, and 90% of the Property Taxes. The Site also offers the ability to expand with another shovel-ready 3,100-4,000 SF building on the south side- utilities, curbs, and parking already in place for the potential expansion. This would allow tenant to expland in the future if needed with growth or add another building for additional income with another Tenant. Strong market + Internet & COVID proof tenancy. Excellent affordable pricing at only $750,000