30 25Th St, Rochester, MN 55904

Property Details for 30 25Th St

Year built

2000

Lot size

13.49 lot acres

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.

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Longitude

-92.460004780803

Latitude

43.983389500157