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    3780 Marketplace Dr Rochester, MN 55901

    For Sale
    $10,370,000

    High-traffic retail center, strong anchors.

    Property size:
    22,362 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 22,362 square foot retail center strategically located at 3780 Marketplace Drive NW in Rochester, Minnesota. The property sits on a 2.73-acre lot and boasts a prime location just off Highway 52, a major thoroughfare with a daily traffic count of 75,860 vehicles. The center benefits from a strong tenant mix, including a Chipotle, Panera Bread, and Verizon Wireless. Most significantly, this center is shadow-anchored by a Target and Home Depot, two national retail giants. The Target store, a top 4% performer nationally, recorded 2.4 million customer visits in the past twelve months, ensuring substantial foot traffic and consistent revenue generation for the center. This translates to exceptional stability and high visibility for all tenants. The property is offered at $10,370,000, presenting a compelling investment opportunity in a thriving retail market. The triple-net (NNN) lease structure minimizes landlord responsibilities, further enhancing the investment's appeal. This is a rare chance to acquire a well-positioned, high-performing retail property in a robust and growing community.

    Property Features for 3780 Marketplace Dr

    General Information

    Property type
    Retail properties
    Square Feet
    22,362 SF
    Lot Size
    118,919 SF

    Building Details

    Year Built
    2003
    Insight Report Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Caterer Panera Bread Caterer Yoonjin Yi, DDS Dentist Park Dental Rochester Dental Clinic Verizon Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.49992
    Latitude
    44.06238

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, strong anchors.
    Where is this retail property located?
    The property is located at 3780 Marketplace Dr Rochester, MN.
    What is the asking price?
    The asking price for this property is $10,370,000.
    (507) 288-1111
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    3780 Marketplace Dr Rochester, MN 55901
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    Rochester, MN 55901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3780 Marketplace Dr Rochester, MN 55901
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