Marcus & Millichap closed the sale of Heartland Dental & Dunkin’, a 5,418-square-foot retail property in Otsego, Minnesota. The asset sold for $3.03 million.
Alex Frankel, Chris Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Jon Ruzicka, Minnesota Broker of Record, assisted in closing this transaction.
Heartland Dental & Dunkin’ is located at 8798 Parkview Ave. NE in Otsego. This location features newly signed 10-year leases, incorporating 10% rental escalations every five years with multiple renewal options. The property was recently constructed in 2022 and includes a convenient drive-thru.
