55th Street NW & Chateau Road - Auto Repair FOR SALE


Rochester, MN 55901- Northwest Rochester
$2,958,000 USD
972-755-5205
55th Street NW & Chateau Road, Rochester, MN for Sale
$2,958,000 USD
Auto Repair - FOR SALE
1/4
null | 7.5% Cap Rate

55th Street NW & Chateau Road
Rochester, MN 55901
Northwest Rochester


HIGHLIGHTS

  • ?Absolute Net Lease With 13.3 Years Remaining | 2% Annual Rent Increases
  • ?1.14-Acre Corner Site at a Signalized Intersection (Area Traffic Counts Exceed 70,000 VPD)
  • ?Top 71st Percentile Statewide by Annual Visits (Placer.ai) | Across From a Walmart Supercenter & Sam's Club-Anchored Power Center
  • ?$119,625 Average Household Income Within 5 Miles, Projected to be $137,027 by 2030
  • ?85,947 Residents & 126,771 Daytime Population (5-Mile Radius)
  • ?Located 90 Miles Southeast of Minneapolis-St. Paul, Rochester is Minnesota's 3rd-Largest City and Still Growing

OVERVIEW

Offered for sale is an absolute net lease Take 5 Oil Change located in Rochester, Minnesota.? The property consists of a 1,716-square-foot freestanding building situated on 1.14 acres at a signalized hard corner site.? The investment features 13.3 years of lease term remaining with 2 percent annual rent increases and is positioned across from a Walmart Supercenter and Sam's Club-anchored power center.? The property is operated by Ironside Operations, a regional multi-unit franchisee.? Jon Ruzicka; Broker of Record; 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416; (952) 852-9700; License: 40583288

FOR SALE DETAILS

PRICE

$2,958,000 USD

PRICE/SF

$1,690 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 (1.14-Acre Hard Corner Site)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

MX-N

APN/PARCEL ID

74.09.33.082263

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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