3850 US-52 - Retail FOR SALE


Rochester, MN 55901- North Rochester
$8,432,000 USD
303-884-6659
3850 US-52, Rochester, MN for Sale
$8,432,000 USD
Retail - FOR SALE
1/10
null | 7.5% Cap Rate

3850 US-52
Rochester, MN 55901
North Rochester


HIGHLIGHTS

  • National Retail Tenancy | Diversified Income Stream #1 Ranked Hobby Lobby In MN (Per Placer.ai)
  • Long-Term Lease Income | NNN Lease Structure | Low $6 Rent P/SF
  • Strategic Retail Corridor Location | Dominant Regional Trade Area
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant retail investment property located in Rochester, Minnesota. The property is occupied by Furniture Mart USA, Inc. d/b/a Ashley Furniture HomeStore and Hobby Lobby Stores, Inc., two established national retailers providing investors with stable in-place cash flow and a diversified income stream. The asset benefits from long-term tenant occupancy, strong brand recognition, and a strategic location within Rochester’s premier retail corridor. This property is being offered exclusively as part of a two-property portfolio with the Fridley, MN property and must be purchased together.

FOR SALE DETAILS

PRICE

$8,432,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hobby Lobby and Ashley Retail Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

418

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

MX-G

APN/PARCEL ID

74.22.22.063862

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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