1217 Marion Rd SE - Storefront FOR SALE


Rochester, MN 55904- East Rochester
$2,503,000 USD
612-396-7723
1217 Marion Rd SE, Rochester, MN for Sale
$2,503,000 USD
Storefront - FOR SALE
1/5
null | 7.5% Cap Rate

1217 Marion Rd SE
Rochester, MN 55904
East Rochester


HIGHLIGHTS

  • Current tenants have been in place for an average of 7.5 years, showing strong tenant retention and lease stability
  • Direct proximity to a thriving big box center anchored by Cub Foods and Planet Fitness
  • Located at the high-traffic intersection of US Hwy 14 & Marion Rd SE, capturing over 39,000+ combined VPD at a major 4-way signalized intersection
  • Positioned along Rochester's primary east-west retail artery, benefitting from strong daily traffic flow generated by Cub Foods and other anchors
  • Rochester is home to the world-renowned Mayo Clinic and the transformative Destination Medical Center (DMC) development
  • 3-mile trade area features an average household income of nearly $116,000, well above the U.S. median in 2024

OVERVIEW

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Marion Retail Center located at 1217 Marion Rd SE in Rochester, Minnesota. The investment consists of a single-story retail building containing 8,892 SF of GLA situated on 0.93 acres. Built in 2013, this modern retail center offers investors a stable income-producing asset in Rochester's thriving economy. The property is 100% occupied with a diverse tenant roster of six local and national tenants including Golden Wok, Beauty Mark, GLO Nails, Metro by T-Mobile, Tortilleria La Mayzteca, and Toppers Pizza. With a WALT of 2.8 years and several leases featuring 3% annual rent escalations, the investment provides built-in NOI growth potential. With current tenants in-place for 7.5 years on average, this investment is positioned for a stable income stream and strong tenant retention. The center is strategically positioned at the high-traffic intersection of US Highway 14 & Marion Rd SE, capturing over 39,000 combined vehicles per day at this major four-way signalized intersection. Located along Rochester's primary east-west retail artery, the property benefits from direct proximity to a thriving big box center anchored by Cub Foods and Planet Fitness, creating consistent cross-shopping opportunities. The investment is further strengthened by Rochester's destination medical economy, anchored by the world-renowned Mayo Clinic and the transformative $6.5B Destination Medical Center development, along with high-income demographics featuring a 3-mile average household income of nearly $116,000. Please refer to the OM for more information on this investment opportunity.

FOR SALE DETAILS

PRICE

$2,503,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marion Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

64.01.44.080507

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

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