2105 37th Street NW, Rochester, MN 55901

Listing Agency: Commercial Investment Advisors (CIA) Scottsdale

Listed By: Justin Zahn · License MN SA545840000 Show Phone

Source: Crexi

Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 6:00PM

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Investment Insights

Based on property information with market context.

The 7 Brew property is being developed on approximately 1.0 acre in Rochester, Minnesota. Its custom-designed building is under construction and includes a 16-car, double-stack drive-through and a walk-up window; opening is estimated for November 2026. The offering conveys ownership of the underlying ground through a new 20-year absolute NNN ground lease. The lease provides 10% rent increases every five years and is backed by three personal guarantors.

The site is at the northwest corner of 37th Street and 21st Avenue, with access and visibility from I-63, where traffic counts are reported at 81,239 vehicles per day. Nearby retailers include Walmart, Target, Costco, The Home Depot, and Aldi. The property is less than four miles from Mayo Clinic Hospital’s St. Mary’s Campus and 4 1/2 miles from the University of Minnesota-Rochester.

Key Highlights

• New 20‑year absolute NNN ground lease; ownership conveys the underlying ground only
• 10% rent increases every 5 years; lease backed by 3 personal guarantors
• Approximately 1.0‑acre parcel at the northwest corner of 37th Street and 21st Avenue

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Coffee shops

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Accounting Firm Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

81,239 VPD

Traffic count

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

558

Businesses Nearby

454k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 30% Dining 29% Shops & Services 26% Electronics 10%

Target Superstores

134,796 visits/mo 0.4 miles

Hobby Lobby Shops & Services

46,242 visits/mo 0.1 miles

Kwik Trip Shops & Services

36,309 visits/mo 0.4 miles

Best Buy Electronics

34,529 visits/mo 0.2 miles

Taco Bell Dining

25,464 visits/mo 0.4 miles

Demographics for 55901, MN

58,046

Population

24,852

Households

2.3

Avg Household Size

36

Median Age

50%

College-Educated

94%

High-School Grad

33.1 sq mi

ZIP Area

1,754

Density / Sq Mi

$90,430

Median Household Income

$52,778

Median Earnings

$1,321

Median Rent

$290,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - A new absolute NNN ground lease supports a custom-built coffee shop with drive-through and walk-up service.

Where is this nnn property located?

The property is located at 2105 37th Street NW Rochester, MN.

What is the asking price?

The asking price for this property is $2,154,000.

What are key features of this property?

This property features: New 20‑year absolute NNN ground lease; ownership conveys the underlying ground only; 10% rent increases every 5 years; lease backed by 3 personal guarantors; Approximately 1.0‑acre parcel at the northwest corner of 37th Street and 21st Avenue