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4702 Grand Ave
Duluth, MN 55807
Asking Price
$7.10M
Cap Rate
6.65%
Asset Type
Medical Office Office
Class
Class B
What's Special
Office | 6.65% CAP | 20,512 SqFt <ul><li>Investment Grade Credit: This is a corporate lease with Aspirus Health (S&P:AA-) parent company, offering a full backstop of the lease obligations by Aspirus' investment grade credit rated entity.</li><li>Dominant Regional Health System: Headquartered in Wausau, WI, Aspirus Health (S&P: AA-) is a dominant healthcare network operating 18 hospitals and over 130 outpatient clinics across Wisconsin, Minnesota, and the Upper Peninsula of Michigan.</li><li>Absolute NNN Lease Structure: The
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NOI
$80,000
Cap Rate
1.13%
DSCR
0.19
Underwater
Cash-on-Cash
-16.03%
Monthly Payment
$35,126.926
Annual Cash Flow
$-341,523.113
