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1987 Scott Rd NW
Rochester, MN 55901
Retail Property For Sale
Investment Highlights
- 9+ Years Remaining | Corporate Signature | Option To Extend
- Across From Costco | Dense Retail Corridor | High Traffic Area
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The subject property is located directly across from Costco with other neighboring tenants including ALDI, McDonald’s, Caribou Coffee, Crumbl, Sherwin-Williams and more
• Located at the signalized, hard corner intersection of 19th Street NW and Scott Road NW, which combine to average over 15,100 VPD
• The asset is also located in close proximity to W Circle Dr NW (23,700 VPD) and Highway 14 (29,800 VPD)
• Strong tenant synergy promotes crossover shopping to the subject property
• Located at the signalized, hard corner intersection of 19th Street NW and Scott Road NW, which combine to average over 15,100 VPD
• The asset is also located in close proximity to W Circle Dr NW (23,700 VPD) and Highway 14 (29,800 VPD)
• Strong tenant synergy promotes crossover shopping to the subject property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,093 SF
Building Class
B
Year Built
2015
Price
$7,742,000
Price Per SF
$275.58
Cap Rate
6.35%
NOI
$491,628
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.85 AC
Zoning
LI
Parking
133 Spaces (4.73 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 74.28.22.081985 | Improvements Assessment | $2,445,500 |
| Land Assessment | $1,737,500 | Total Assessment | $4,183,000 |
Property Taxes
Parcel Number
74.28.22.081985
Land Assessment
$1,737,500
Improvements Assessment
$2,445,500
Total Assessment
$4,183,000
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