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Restaurant

Great Harvest

706 N Broadway Ave, Rochester, MN 55906

Listing Price: $1,464,000

Cap Rate
5.00%
Tenant Name
Great Harvest
Years Remaining On Lease
10.8
Gross SF
2,211
Guarantor
Personal Guarantee
Rentable SF
2,211
Price/Gross SF
$662.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.10

Investment Overview

Marcus & Millichap is pleased to present this outstanding Great Harvest location for sale. According to Placer.ai this Great Harvest location performs well as the top location in Minnesota and well above average nationally.

Rochester, Minnesota is home to the world headquarters of Mayo Clinic, ranked as the #1 hospital in the world by Newsweek announced in March of 2023.

The subject property is strategically located on a signalized hard-corner right on Broadway Avenue. The intersection features an estimated 28,000+ vehicles per day. In addition, there has been an abundance of redevelopment projects in immediate proximity to this property, providing substantial potential upside for the future. The city of Rochester has invested several millions of dollars into redeveloping the streets for the North Broadway Avenue corridor.

The lease is structured with very passive income with the landlord responsible for structure only. The tenant is responsible for roof, parking lot, HVAC, etc. The lease provides for 3% annual rent increases starting July 1st, 2025, while the lease expires in 2034. The passive nature of the lease and strength of location provide a great opportunity for savvy investors.

Investment Highlights

  • Strategic Location
  • Top Performing Great Harvest Location in MN, per Placer.ai
  • Outstanding Real Estate on Signalized Hard Corner
  • Combined Daily Traffic Counts at Intersection Exceeding 28,000
  • Abundant Redevelopment in Immediate Area - Strong Future Potential Upside
  • Only Landlord Responsibility is Structure - Favorable Passive Income Structure

Exclusively Listed By

Restaurant

Great Harvest

Listing Price: $1,464,000

Cap Rate
5.00%
Tenant Name
Great Harvest
Years Remaining On Lease
10.8
Gross SF
2,211
Guarantor
Personal Guarantee
Rentable SF
2,211
Price/Gross SF
$662.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.10

Investment Highlights

  • Strategic Location
  • Top Performing Great Harvest Location in MN, per Placer.ai
  • Outstanding Real Estate on Signalized Hard Corner
  • Combined Daily Traffic Counts at Intersection Exceeding 28,000
  • Abundant Redevelopment in Immediate Area - Strong Future Potential Upside
  • Only Landlord Responsibility is Structure - Favorable Passive Income Structure

Investment Overview

Marcus & Millichap is pleased to present this outstanding Great Harvest location for sale. According to Placer.ai this Great Harvest location performs well as the top location in Minnesota and well above average nationally. Rochester, Minnesota is home to the world headquarters of Mayo Clinic, ranked as the #1 hospital in the world by Newsweek announced in March of 2023. The subject property is strategically located on a signalized hard-corner right on Broadway Avenue. The intersection features an estimated 28,000+ vehicles per day. In addition, there has been an abundance of redevelopment projects in immediate proximity to this property, providing substantial potential upside for the future. The city of Rochester has invested several millions of dollars into redeveloping the streets for the North Broadway Avenue corridor. The lease is structured with very passive income with the landlord responsible for structure only. The tenant is responsible for roof, parking lot, HVAC, etc. The lease provides for 3% annual rent increases starting July 1st, 2025, while the lease expires in 2034. The passive nature of the lease and strength of location provide a great opportunity for savvy investors.

Exclusively Listed By

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