100% Occupied Retail Strip
102 20th St SE Rochester, MN 55904
102 20th St SE, Rochester, MN, 55904
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For Sale
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100% occupied retail strip center with retail, medical, and dining tenants and CAM pass-throughs in place.
Property Size7,626 SF
Price / SF$262.26
Days on Market22
Property Features for 102 20th St SE
General Information
- Standard status
- Active
- Size
- 7,626 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agency
Realty Growth Incorporated
(507) 272-8049
Listed by
Dylan Carty · License #MN 40372226
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 4:10AM Checked: Jul 22 at 4:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Growth Incorporated
Investment Insights
Based on property information with market context.
Broadway Corner Plaza is a retail strip center presented for acquisition as a 100% occupied income-producing asset. The property totals 7,626 square feet and is leased to a mix of retail, medical, and dining tenants, supported by a stable lease structure.
CAM pass-throughs are in place, helping mitigate operating inflation through consistent expense recovery. The center is located in the high-growth commercial corridor of South Rochester, Minnesota.
The tenant mix and in-place occupancy profile are key elements of the property’s current operating stability.
CAM pass-throughs are in place, helping mitigate operating inflation through consistent expense recovery. The center is located in the high-growth commercial corridor of South Rochester, Minnesota.
The tenant mix and in-place occupancy profile are key elements of the property’s current operating stability.
Key Highlights
- 7,626 SF retail strip center on Broadway Corner Plaza
- 100% occupied with retail, medical, and dining tenants
- Built in 2007
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.3k | $16.56 |
| − Vacancy | −$3.7k | −$0.48 |
| EGI | $122.6k | $16.08 |
| − OpEx | −$36.8k | −$4.82 |
| NOI | $85.8k | $11.26 |
7,626 SF · lease $16.56/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,837 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,602 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lucky Nails
Nail Salon
Mochinut
Restaurant
Ichi Tokyo (South)
Restaurant
Relax Massage/S Broadway
Alternative Medicine Practice
Verizon
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 100% occupied retail strip center with retail, medical, and dining tenants and CAM pass-throughs in place.
Where is this strip mall located?
The property is located at 102 20th St SE Rochester, MN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7,626 SF retail strip center on Broadway Corner Plaza; 100% occupied with retail, medical, and dining tenants; Built in 2007
