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Shopping Strip

Target Shadow Retail Strip | Drive-Thru Access

3801 Marketplace Dr NW, Rochester, MN 55901

Listing Price: $5,550,000

Cap Rate
6.00%
Gross SF
8,826
Rentable SF
8,826
Price/Gross SF
$628.82
Lot Size
0.71 acres
Year Built
2018

Investment Overview

Pristine Facility with Drive-Thru Access - Built in 2018 | No Immediate CapEx Required Directly Across the Street From IBM Rochester HQ - Occupies 3.6 Million SQFT | 4,400+ Employees Strong Demographics within a Five-Mile Radius - Over 102,000+ Residents | Steady Population Growth Excellent Visibility with Highway Frontage - Close Proximity to US Hwy 52 (50,000+ VPD)

Investment Highlights

  • NNN Leases with Local/National Recognized Tenants - Offers Passive Ownership and Stable Cash Flow
  • Multiple Rental Increases Coming in 2023 - Spectrum 8.12% Aug. 2023 | Leeann Chin 10% Mar. 2023
  • Strategically Located on a Target Out Parcel - Other Major Retailers Include Home Depot, PetSmart

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Shopping Strip

Target Shadow Retail Strip | Drive-Thru Access

Listing Price: $5,550,000

Cap Rate
6.00%
Gross SF
8,826
Rentable SF
8,826
Price/Gross SF
$628.82
Lot Size
0.71 acres
Year Built
2018

Investment Highlights

  • NNN Leases with Local/National Recognized Tenants - Offers Passive Ownership and Stable Cash Flow
  • Multiple Rental Increases Coming in 2023 - Spectrum 8.12% Aug. 2023 | Leeann Chin 10% Mar. 2023
  • Strategically Located on a Target Out Parcel - Other Major Retailers Include Home Depot, PetSmart

Investment Overview

Pristine Facility with Drive-Thru Access - Built in 2018 | No Immediate CapEx Required Directly Across the Street From IBM Rochester HQ - Occupies 3.6 Million SQFT | 4,400+ Employees Strong Demographics within a Five-Mile Radius - Over 102,000+ Residents | Steady Population Growth Excellent Visibility with Highway Frontage - Close Proximity to US Hwy 52 (50,000+ VPD)

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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