4590 Commercial Dr SW
Rochester, MN
Price:
$2388000
Cap Rate:
5.75%
NOI:
$137,273
Building Size:
Approx. 4685 Sq. Ft.
Lot Size:
Approx. 1.58 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2016
Investment Overview
- New Construction | 4,685+/- SF Building on 1.58+/- Acre Site
- New 20-Yr, Corp NNN Lease w/10% Rent Bumps Every 5-Yrs
- Located along Commercial Dr., just W of US 63 (37,000 VPD)
- Across Super Target | Near Discount Tire, McDonalds, Starbucks
- Local Attractions: The Plummer Building | Silver Lake | Mayowood Mansion
- Major Employers: Mayo Clinic (32,271 Empl) | Rochester Public Schools (2,657 Empl)
- 5-Mile Radius: 2016 Estimated Pop: 51,008 | 3-Mile Average HH Income: $116,213
- Rochester averages 2.7-Million visitors per year, with 1.3-Million coming to Mayo Clinic
- Minneapolis – St. Paul – Bloomington (MSA): 16th Largest MSA in U.S | Pop: 3,422,264