3376 Northern Valley Pl NE - Office FOR SALE


Rochester, MN 55906- North Rochester
$2,572,292 USD
612-332-6600
3376 Northern Valley Pl NE, Rochester, MN for Sale
$2,572,292 USD
Office - FOR SALE
1/9
null | 5.25% Cap Rate

3376 Northern Valley Pl NE
Rochester, MN 55906
North Rochester


HIGHLIGHTS

  • US Bank is on a NNN lease with 7 ½ + years remaining and 3% annual increases.
  • High deposits of $95 million at this location.
  • US Bank has an S&P Rating of A, operates 2,000+ locations across 26 states.
  • US Bank is located in Rochester, Minnesota. Rochester is home to Mayo Clinic, a top-ranked hospital in the nation.
  • Located along East Circle Drive where traffic counts average 18,000 vehicles per day.
  • 5-mile population of 111,107 and average household income of $151,583 within a 1-mile radius.

OVERVIEW

3.00% annual increases beginning February 1, 2027. Bank deposits of $95 million as of 6/30/2024.

FOR SALE DETAILS

PRICE

$2,572,292 USD

PRICE/SF

$878 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Bank

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

B4

APN/PARCEL ID

74.24.13.057352

ASK ABOUT THIS PROPERTY

Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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

Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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