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1987 Scott Rd NW 28,093 SF Retail Building Rochester, MN 55901 $7,449,000 ($265.16/SF) 6.60% Cap Rate
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
This single-tenant retail property in Rochester, MN presents a secure, income-generating opportunity for investors. The asset features a long-term, corporate-signed NNN lease with Goodwill Industries, offering minimal landlord responsibilities and consistent cash flow. With over nine years remaining on the lease and an option to extend, this property provides strong stability.
Located at the signalized intersection of 19th Street NW and Scott Road NW, the property benefits from excellent visibility and traffic counts exceeding 15,100 vehicles per day, with nearby access to W Circle Drive NW and Highway 14. The surrounding trade area boasts dense retail synergy, including major retailers like Costco, ALDI, and McDonald’s, enhancing the property’s customer base. Fee-simple ownership further strengthens its position as a low-management investment in a growing market.
Located at the signalized intersection of 19th Street NW and Scott Road NW, the property benefits from excellent visibility and traffic counts exceeding 15,100 vehicles per day, with nearby access to W Circle Drive NW and Highway 14. The surrounding trade area boasts dense retail synergy, including major retailers like Costco, ALDI, and McDonald’s, enhancing the property’s customer base. Fee-simple ownership further strengthens its position as a low-management investment in a growing market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,093 SF
Building Class
B
Year Built
2015
Price
$7,449,000
Price Per SF
$265.16
Cap Rate
6.60%
NOI
$491,628
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.85 AC
Zoning
LI - Light Industrial
Parking
133 Spaces (4.73 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Goodwill began in 1902 as a nonprofit movement built around collecting donated goods, repairing usable items, and using resale revenue to support people seeking work. Today, Goodwill operates as a network of community-based organizations that provide job training, employment placement services, and other programs for people facing barriers to employment. The organization uses donated-goods retail to fund local mission services, combining thrift operations with workforce development and community support. Goodwill's work spans employment readiness, skills-building, and reinvestment in local communities through its affiliated nonprofit model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
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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