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Take 5 (1.14-Acre Hard Corner Site) 55th Street NW & Chateau Road 1,716 SF Retail Building Rochester, MN 55901 $2,958,000 ($1,723.78/SF) 7.50% Cap Rate
Investment Highlights
- ?Absolute Net Lease With 13.3 Years Remaining | 2% Annual Rent Increases
- ?Top 71st Percentile Statewide by Annual Visits (Placer.ai) | Across From a Walmart Supercenter & Sam's Club-Anchored Power Center
- ?85,947 Residents & 126,771 Daytime Population (5-Mile Radius)
- ?1.14-Acre Corner Site at a Signalized Intersection (Area Traffic Counts Exceed 70,000 VPD)
- ?$119,625 Average Household Income Within 5 Miles, Projected to be $137,027 by 2030
- ?Located 90 Miles Southeast of Minneapolis-St. Paul, Rochester is Minnesota's 3rd-Largest City and Still Growing
Executive Summary
Offered for sale is an absolute net lease Take 5 Oil Change located in Rochester, Minnesota.? The property consists of a 1,716-square-foot freestanding building situated on 1.14 acres at a signalized hard corner site.? The investment features 13.3 years of lease term remaining with 2 percent annual rent increases and is positioned across from a Walmart Supercenter and Sam's Club-anchored power center.? The property is operated by Ironside Operations, a regional multi-unit franchisee.?
Jon Ruzicka; Broker of Record; 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416; (952) 852-9700; License: 40583288
Jon Ruzicka; Broker of Record; 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416; (952) 852-9700; License: 40583288
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,716 SF
Building Class
B
Year Built
2023
Price
$2,958,000
Price Per SF
$1,723.78
Cap Rate
7.50%
NOI
$221,792
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.14 AC
Zoning
MX-N
Frontage
537’ on Villa Road Northwest
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 74.09.33.082263 | Improvements Assessment | $275,100 |
| Land Assessment | $1,237,300 | Total Assessment | $1,512,400 |
Property Taxes
Parcel Number
74.09.33.082263
Land Assessment
$1,237,300
Improvements Assessment
$275,100
Total Assessment
$1,512,400
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Take 5 (1.14-Acre Hard Corner Site) | 55th Street NW & Chateau Road