13135 Main St Rogers, MN 55374
- Commercial real estate
- 0.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13135 Main St
- Year built
- 2019
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.75 lot acres
- Property type
- Commercial real estate
- APN
- 23-120-23-21-0033
- APU
- 2312023210033
Description
This exceptional multi-tenant retail property, located at 13135 Main St in Rogers, Minnesota (zip code 55374), presents a compelling investment opportunity. Built in 2019, this 5,193 square foot center sits on a 0.75-acre lot and boasts 100% occupancy with three national tenants: Dunkin', Five Guys, and Prose. The property offers a strong net operating income (NOI) of $178,653, translating to an attractive 6.00% cap rate. The asking price is $2,975,000. Strategically positioned on a main I-94 exit, this center benefits from high visibility and easy access, serving a thriving retail market in Rogers, a premier out-of-metro retail hub with limited vacancy. The property's diverse tenant mix and strong financial performance make it an ideal addition to any investment portfolio. This is a triple-net lease investment, offering a low-maintenance, high-return opportunity. The property's location in Hennepin County, Minnesota, further enhances its appeal. This is a rare opportunity to acquire a high-performing retail center in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,600,000
- 6.5%
- $2,705,000
- 7%
- $2,495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,790,000
- Geo Method
- $3,145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,230,000
- Retail
- $3,050,000
- Mixed-Use
- $3,325,000
- Hospitality
- $3,450,000
- Educational
- $2,620,000
- Residential Income
- $2,825,000
- Energy
- $2,625,000
- Income-Based Land
- $3,440,000
- Food Service
- $2,845,000
Location Insight
- Map
- Local Demand
- City
- Rogers
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.5533
- Latitude
- 45.193
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA