3780 Marketplace NW Dr Rochester, MN 55901

Exceptional investment opportunity: Rochester Crossing, a 21,503 square foot, Class B shopping center located at 3780 Marketplace Dr NW, Rochester, MN 55901. This single-story, 10-unit center is 100% occupied with a diverse mix of national tenants, including Panera Bread, and benefits from a strong corporate guarantee and credit-rated franchisees. The property features a 4.6-year remaining lease term with rent bumps, a current NOI of $622,152, and a pro-forma NOI of $675,568, resulting in a 6.00% cap rate and a pro-forma cap rate of 6.51%. The asking price is $10,370,000. Built in 2003 on a 2.73-acre lot, the center offers 175 parking spaces and enjoys excellent visibility and traffic counts, shadow-anchored by Target and Home Depot. The property is zoned MX-G and boasts a Net Lease (NNN) investment type. The high-traffic location, strong tenant mix, and favorable lease terms make this a compelling investment opportunity. Occupancy date is November 1, 2024. The property features a total of 22,362 square feet. APN: 74.21.11.060104.