Essentia Health ­– Hinckley Clinic 45 Lady Luck Dr Immeuble | 1 318 m² | Soins de santé | À vendre 4 525 072 € | Taux de capitalisation 7,15 % | Hinckley, MN 55037

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical office facility located in Hinckley, Minnesota. The property consists of 4.87 acres improved with a 14,186-square-foot, single-story medical office building constructed in 2015 and operating as the Essentia Health – Hinckley Clinic since February 2024. The clinic provides family medicine, primary care, specialty services including podiatry, and urgent care, with future expansion capabilities such as imaging and rehabilitation. The site is located along Lady Luck Drive in Pine County with direct access to Interstate 35, carrying 23,600 vehicles per day between Minneapolis–St. Paul and Duluth, and is approximately 1.5 miles west of Grand Casino Hinckley.
The property is leased on a double net (NN) basis commencing September 1, 2023 (rent commencement October 1, 2023) through September 30, 2033, with approximately 7.4 years of remaining term. The tenant is responsible for utilities, HVAC, CAM, insurance, taxes, and building system maintenance, with landlord responsibilities limited to the structural components and roof. Current annual base rent is $369,248 ($26.03/SF) with 2% annual escalations and one five-year renewal option extending the potential lease term through September 2038. The tenant, Pine Medical Center, is a subsidiary of Essentia Health, a nonprofit integrated health system headquartered in Duluth, Minnesota, serving Minnesota, Wisconsin, and North Dakota through 14 hospitals, 80 clinics, and nearly 30 retail pharmacies, with more than 16,000 employees and $3.28 billion in total revenues and an A- credit rating from Fitch Ratings.
In Association With: Anne Perrault - MN Lic. #4056407