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Broadway Corner Plaza 102 20th St SE 7,719 SF 100% Leased Retail Building Rochester, MN 55904 $2,000,000 ($259.10/SF)
Investment Highlights
- 100% Occupancy with Proven Longevity
- Highly Visible Corner Location
- Unmatched Shadow Anchors & Synergy
- Value-Add Opportunity via Market Rent Alignment
Executive Summary
Realty Growth Inc. is pleased to present the exclusive opportunity to acquire Broadway Corner Plaza, a premier 100% occupied, 7,626-square-foot retail strip center located in the high-growth commercial corridor of South Rochester, Minnesota.
?Priced at $2,000,000, this asset offers an incoming investor immediate stability paired with an attractive 6.45% entry Cap Rate. The property features a strong mix of internet-resistant retail, medical, and dining tenants on a stable lease structure where operational inflation is heavily mitigated through consistent CAM pass-throughs.
?Priced at $2,000,000, this asset offers an incoming investor immediate stability paired with an attractive 6.45% entry Cap Rate. The property features a strong mix of internet-resistant retail, medical, and dining tenants on a stable lease structure where operational inflation is heavily mitigated through consistent CAM pass-throughs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,719 SF
Building Class
C
Year Built
2007
Price
$2,000,000
Price Per SF
$259.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.51 AC
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64.14.11.008076 | Improvements Assessment | $1,338,800 |
| Land Assessment | $310,400 | Total Assessment | $1,649,200 |
Property Taxes
Parcel Number
64.14.11.008076
Land Assessment
$310,400
Improvements Assessment
$1,338,800
Total Assessment
$1,649,200
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Broadway Corner Plaza | 102 20th St SE
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