121 23rd Ave SW 28,075 SF 100% Leased Retail Building Rochester, MN 55902 $6,800,000 ($242.21/SF) 6.70% Cap Rate

INVESTMENT HIGHLIGHTS

  • A credit national tenants
  • Fantastic location with room to add more rentable sf to the site
  • Long term leases

EXECUTIVE SUMMARY

100% occupied. New 10 year lease on 23,000 SF.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
28,075 SF
Building Class
C
Year Built/Renovated
2002/2023
Price
$6,800,000
Price Per SF
$242.21
Cap Rate
6.70%
NOI
$455,600
Percent Leased
100%
Building Height
1 Story
Building FAR
0.32
Lot Size
2.00 AC
Parking
65 Spaces (2.32 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,000 SF
  • Office/Retail
  • -
  • 30 Days

$11.55/SF OP/EX

Space Size Space Use Position Available
1st Floor 3,000 SF Office/Retail - 30 Days

1st Floor

Size
3,000 SF
Space Use
Office/Retail
Position
-
Available
30 Days

NEARBY MAJOR RETAILERS

Pure Barre
Fresh Thyme Market
Denny's
Olive Garden
Famous Dave's
Cross Fit Progression
Caribou Coffee

PROPERTY TAXES

  • Listing ID: 30367476

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 121 23rd Ave SW, Rochester, MN 55902