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US Bank 3376 Northern Valley Pl NE 2,929 SF Office Building Rochester, MN 55906 $2,572,292 ($878.22/SF) 5.25% Cap Rate
Investment Highlights
- US Bank is on a NNN lease with 7 years, 5 months remaining and 3% annual increases.
- US Bank has an S&P Rating of A, operates 2,000+ locations across 26 states.
- Located along East Circle Drive where traffic counts average 18,000 vehicles per day.
- High deposits of $95 million at this location.
- US Bank is located in Rochester, Minnesota. Rochester is home to Mayo Clinic, a top-ranked hospital in the nation.
- 5-mile population of 111,107 and average household income of $151,583 within a 1-mile radius.
Executive Summary
3.00% annual increases beginning February 1, 2027.
Bank deposits of $95.2 million as of 6/30/2025.
Bank deposits of $95.2 million as of 6/30/2025.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
2,929 SF
Building Class
C
Year Built
1998
Price
$2,572,292
Price Per SF
$878.22
Cap Rate
5.25%
NOI
$135,045
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,929 SF
Building FAR
0.05
Lot Size
1.46 AC
Zoning
B4
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Property Taxes
| Parcel Number | 74.24.13.057352 | Improvements Assessment | $448,500 |
| Land Assessment | $465,800 | Total Assessment | $914,300 |
Property Taxes
Parcel Number
74.24.13.057352
Land Assessment
$465,800
Improvements Assessment
$448,500
Total Assessment
$914,300
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US Bank | 3376 Northern Valley Pl NE
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