United Healthcare Services - International Falls, MN

1902 Valley Pine Circle
International Falls, MN 56649

Marketing Materials

Overview

As a parent to United Healthcare Services, UnitedHealth Group (#6 on the Fortune 500) is the largest healthcare carrier in the United States, headquartered in Minnesota and is the state’s largest private sector employer. The Property is adjacent to one of International Falls’ primary thoroughfares, U.S. Route 71. The Asset is located proximate to demand drivers including national retailers, higher education institutions, and regional healthcare providers. Built to suit the Tenant in 1994, United Healthcare Services has displayed a dedicated commitment to the Property and the International Falls market for over 20 years. The Offering provides investors the opportunity to acquire an Asset with committed tenancy, healthy rental escalations, and high likelihood of renewal.
  • Primary Broker

    Eric Suffoletto - Net Lease Broker
    Eric Suffoletto
    (312) 228-3254

  • Secondary Broker(s)

    Alex Sharrin - Net Lease Broker
    Alex Sharrin
    3122283197

  • In-State Licensee

    Steven Buss - Net Lease Broker
    Steven Buss
    MN

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Due Diligence
Investment Highlights
• Premier tenancy as a subsidiary to a Fortune 15 and A+ rated (S&P) parent firm
• Committed tenancy with over 20 years of commitment to local labor market
• International travel market, located proximate to international airport & international roadway border
• Proximate to leading local healthcare & higher education facilities
• Strong commercial location
General
Property Type Office
Property Address 1902 Valley Pine Circle
International Falls, MN 56649
Land In Acres 5.13
Building Size 30,000 Square Feet
Primary Use None
Year Built 1994
Financial
Price $3,468,460
Price PSF $115.62
Cap Rate 10.00%
Current NOI $346,846
Lease
Tenant Name United Healthcare Services
Annual Rent $346,846
Rent PSF $11.56
Options 2 x 3-Years
Lease Start Date 10/1/1994
Lease Expiration Date 9/30/2019
Remaining Term 1.4Yrs