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Investment Real Estate For Sale 255 1st Ave SW 7,772 SF Retail Building Rochester, MN 55902 $2,953,000 ($379.95/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime traffic
- Walking distance to Mayo Clinic
- Prime location
EXECUTIVE SUMMARY
PERSONAL GUARANTEE
The lease includes a personal guarantee from the tenant, offering added assurance and accountability for investors seeing long-term security.
ABSOLUTE NNN LEASE
The property is leased on an absolute triple-net basis, with zero landlord responsibilities, allowing for passive income and minimal management.
EXCELLENT DOWNTOWN LOCATION
Strategically positioned in the heart of Downtown Rochester, the property benefits from strong foot traffic and a vibrant commercial environment.
EASE OF ACCESS
Directly connected to the downtown skyway system, offering convenient access to nearby parking ramps and skyway entrances.
HIGH TRAFFIC AREA
Situated along a busy corridor, the property enjoys significant exposure to both pedestrian and vehicular traffic, maximizing visibility for the tenant.
STUNNIG RENOVATION
The 7,772 Sq. Ft. commercial space has undergone a transformative $2.5 million renovation by Powers Ventures, creating a modern, high-end environment.
PREMIUM BUILDING UPGRADES
Recent capital improvements include all-new plumbing and electrical systems, state-of-the-art HVAC, integrated audio/visual systems, a fully equipped brand-new commercial kitchen, and new fixtures, furniture and equipment (FFE).
The lease includes a personal guarantee from the tenant, offering added assurance and accountability for investors seeing long-term security.
ABSOLUTE NNN LEASE
The property is leased on an absolute triple-net basis, with zero landlord responsibilities, allowing for passive income and minimal management.
EXCELLENT DOWNTOWN LOCATION
Strategically positioned in the heart of Downtown Rochester, the property benefits from strong foot traffic and a vibrant commercial environment.
EASE OF ACCESS
Directly connected to the downtown skyway system, offering convenient access to nearby parking ramps and skyway entrances.
HIGH TRAFFIC AREA
Situated along a busy corridor, the property enjoys significant exposure to both pedestrian and vehicular traffic, maximizing visibility for the tenant.
STUNNIG RENOVATION
The 7,772 Sq. Ft. commercial space has undergone a transformative $2.5 million renovation by Powers Ventures, creating a modern, high-end environment.
PREMIUM BUILDING UPGRADES
Recent capital improvements include all-new plumbing and electrical systems, state-of-the-art HVAC, integrated audio/visual systems, a fully equipped brand-new commercial kitchen, and new fixtures, furniture and equipment (FFE).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,772 SF
Building Class
B
Year Built
2008
Price
$2,953,000
Price Per SF
$379.95
Cap Rate
6.50%
NOI
$191,945
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
MX-D - Mixed Use Downtown Business
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 64.02.12.079642 | Improvements Assessment | $787,200 |
| Land Assessment | $1,046,800 | Total Assessment | $1,834,000 |
PROPERTY TAXES
Parcel Number
64.02.12.079642
Land Assessment
$1,046,800
Improvements Assessment
$787,200
Total Assessment
$1,834,000
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Investment Real Estate For Sale | 255 1st Ave SW
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