30 25Th St Rochester, MN 55904
- Lifestyle centers
- 136,757 SF
- 13.49 lot acres
Current Use by Public Records
- Famous Footwear / Shoe Store
Property Details for 30 25Th St
- Year built
- 2000
- Lot size
- 13.49 lot acres
- Property size
- 136,757 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 136,757 square foot shopping center in Rochester, Minnesota, boasting a strong 8.00% cap rate and a substantial net operating income (NOI) of $1,701,907. Priced at $21,300,000 ($155.75/sq ft), the property features two single-story buildings constructed in 2000 and extensively renovated in 2024. The 13.49-acre site offers ample parking (approximately 4.7 spaces per 1,000 sq ft) and excellent visibility on Broadway Avenue, a major commercial thoroughfare. Access is convenient via curb cuts on Broadway Avenue and 25th Street. The property benefits from a large pylon sign and a newly replaced roof (warranty through 2044), minimizing near-term capital expenditures. The nine units are 100% occupied by a diverse mix of national credit tenants, all under corporate leases with a weighted average lease term remaining of 5.1 years. Recent lease extensions and new long-term leases with Total Wine (10-year lease, 29,980 sq ft) and Boot Barn (10-year lease, 12,000 sq ft) demonstrate the strength and stability of the tenant base. Key tenants include Total Wine, DSW, Petco, Five Below, Michaels, Famous Footwear, Boot Barn, DaVita, and Modern Design. The property is shadow-anchored by separately owned Kohl's and Walmart Supercenter. This well-maintained, high-performing shopping center offers a compelling investment opportunity with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.460004780803
- Latitude
- 43.983389500157
