3850 Highway 52 N Rochester, MN 55901

Building Details

Year Built

1982

Listing agency SRS Industrial - Newport Beach s***@srsre.com Show Phone

Listed by Steven Roberts · License #CA 01732226 Show Phone

Source Srsre

Added: Jul 10 Checked: Jul 15 at 1:18AM

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Investment Insights

Based on property information with market context.

SRS Capital Markets is pleased to present a fee simple acquisition opportunity in a two-tenant retail investment property in Rochester, Minnesota. The property is occupied by Furniture Mart USA, Inc. d/b/a Ashley Furniture HomeStore and Hobby Lobby Stores, Inc. Both tenants are established national retailers with long-term operating history as described in the offering materials.

The asset is located at 3850 Highway 52 N within Rochester’s premier retail corridor. The property is being offered exclusively as part of a two-property portfolio and must be purchased together with the related Fridley, MN property.

This opportunity provides an in-place, diversified income stream supported by the two tenant occupants and the long-term occupancy described in the public remarks.

Key Highlights

• Two‑tenant retail investment with fee simple ownership (land & building) in Rochester, Minnesota
• Occupied by Furniture Mart USA, Inc. (d/b/a Ashley Furniture HomeStore) and Hobby Lobby Stores, Inc.
• Year built 1982

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FAQs

What type of property is this?

Shopping center - Fee simple ownership opportunity with two long-term national tenants in a retail corridor setting on Highway 52 N.

Where is this shopping center located?

The property is located at 3850 Highway 52 N Rochester, MN.

What is the asking price?

The asking price for this property is $8,432,000.

What are key features of this property?

This property features: Two‑tenant retail investment with fee simple ownership (land & building) in Rochester, Minnesota; Occupied by Furniture Mart USA, Inc. (d/b/a Ashley Furniture HomeStore) and Hobby Lobby Stores, Inc.; Year built 1982