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3552 W River Pky NW - Office Condo | Net Lease Investment 4,900 SF Office Condo Unit Offered at $890,000 in Rochester, MN 55901
INVESTMENT HIGHLIGHTS
- Net Lease Investment Property
- Legacy Tenant
- New 5 Year Lease
- Recent Capital Improvements
EXECUTIVE SUMMARY
3552 West River Parkway NW presents a great opportunity to acquire a stabilized, net-leased office condominium in NW Rochester. This investment offering features a legacy tenant with over 30 years of operating history at the location, providing a strong foundation of occupancy and reliability. The property is secured by a new five (5) year lease, with an additional five (5) year renewal option, offering long-term income visibility and durability. The net lease structure minimizes landlord responsibilities, making this an ideal opportunity for investors seeking passive, predictable cash flow. Recent capital improvements, including a new roof and upgraded electrical systems, further enhance the stability of the asset and reduce near-term capital expenditure risk. The building itself is very well-maintained, solidly constructed, and benefits from excellent visibility and accessibility along West River Parkway. This offering is well-suited for a 1031 exchange buyer, private investor, or owner seeking a low-management, net-leased office asset with proven tenancy and strong fundamentals in the Rochester market.
PROPERTY FACTS
| Total Building Size | 10,050 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 5,025 SF |
| Property Subtype | Year Built | 1982 | |
| Building Class | B | Lot Size | 0.85 AC |
| Zoning | B4- General Commercial | ||
| Total Building Size | 10,050 SF |
| Property Type | Retail (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,025 SF |
| Year Built | 1982 |
| Lot Size | 0.85 AC |
| Zoning | B4- General Commercial |
AMENITIES
- 24 Hour Access
- Controlled Access
- Pylon Sign
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit 2
| Unit Size | 4,900 SF | Cap Rate | 7.80% |
| Price | $890,000 | NOI | $69,420 |
| Price Per SF | $181.63 | No. Parking Spaces | 20 |
| Condo Use | Office | APN/Parcel ID | 742324018806 |
| Sale Type | Investment or Owner User |
| Unit Size | 4,900 SF |
| Price | $890,000 |
| Price Per SF | $181.63 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.80% |
| NOI | $69,420 |
| No. Parking Spaces | 20 |
| APN/Parcel ID | 742324018806 |
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NEARBY MAJOR RETAILERS
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3552 W River Pky NW - Office Condo | Net Lease Investment
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