255 1st Ave SW - Restaurant FOR SALE


Rochester, MN 55902- Downtown Rochester
$2,953,000 USD
507-850-3023
255 1st Ave SW, Rochester, MN for Sale
$2,953,000 USD
Restaurant - FOR SALE
1/24
null | 6.5% Cap Rate

255 1st Ave SW
Rochester, MN 55902
Downtown Rochester


HIGHLIGHTS

  • Heavy daytime traffic
  • Prime location
  • Walking distance to Mayo Clinic

OVERVIEW

PERSONAL GUARANTEE The lease includes a personal guarantee from the tenant, offering added assurance and accountability for investors seeing long-term security. ABSOLUTE NNN LEASE The property is leased on an absolute triple-net basis, with zero landlord responsibilities, allowing for passive income and minimal management. EXCELLENT DOWNTOWN LOCATION Strategically positioned in the heart of Downtown Rochester, the property benefits from strong foot traffic and a vibrant commercial environment. EASE OF ACCESS Directly connected to the downtown skyway system, offering convenient access to nearby parking ramps and skyway entrances. HIGH TRAFFIC AREA Situated along a busy corridor, the property enjoys significant exposure to both pedestrian and vehicular traffic, maximizing visibility for the tenant. STUNNIG RENOVATION The 7,772 Sq. Ft. commercial space has undergone a transformative $2.5 million renovation by Powers Ventures, creating a modern, high-end environment. PREMIUM BUILDING UPGRADES Recent capital improvements include all-new plumbing and electrical systems, state-of-the-art HVAC, integrated audio/visual systems, a fully equipped brand-new commercial kitchen, and new fixtures, furniture and equipment (FFE).

FOR SALE DETAILS

PRICE

$2,953,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Real Estate For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

MX-D

APN/PARCEL ID

64.02.12.079642

ASK ABOUT THIS PROPERTY

Chris TerryCore Real Estate GroupMore Info
507-850-3023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris TerryCore Real Estate GroupMore Info
507-850-3023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.