Log In/Sign Up
Your email has been sent.
80 14th St SW
Rochester, MN 55902
Walgreens · Retail Property For Sale
Investment Highlights
- 8 Years Remaining | Corporate Signature | Options To Extend
- Crossroads Center | Apache Mall | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The subject property is located directly across from the Crossroads Center, which features tenants including ALDI, OfficeMax, Chick-fil-A, Chipotle, Outback Steakhouse, and many others
• Located approximately 1 mile from Apache Mall, which includes national/credit tenants such as Scheel’s, Barnes & Noble, Macy’s, JCPenney, Starbucks, Firestone, Red Lobster, and more
• The asset is located in the center of a primary retail corridor with other national/credit tenants including a Walmart Supercenter, Hy-Vee, Ulta, Kohl’s, McDonald’s, Dave’s Hot Chicken, and others
• Strong tenant synergy promotes crossover shopping to the subject property
• Located approximately 1 mile from Apache Mall, which includes national/credit tenants such as Scheel’s, Barnes & Noble, Macy’s, JCPenney, Starbucks, Firestone, Red Lobster, and more
• The asset is located in the center of a primary retail corridor with other national/credit tenants including a Walmart Supercenter, Hy-Vee, Ulta, Kohl’s, McDonald’s, Dave’s Hot Chicken, and others
• Strong tenant synergy promotes crossover shopping to the subject property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2009
Price
$5,573,000
Price Per SF
$384.61
Cap Rate
7%
NOI
$390,095
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.15 AC
Parking
59 Spaces (4.07 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 64.11.13.078786 | Improvements Assessment | $1,694,300 |
| Land Assessment | $1,087,400 | Total Assessment | $2,781,700 |
Property Taxes
Parcel Number
64.11.13.078786
Land Assessment
$1,087,400
Improvements Assessment
$1,694,300
Total Assessment
$2,781,700
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
