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US Bank 3376 Northern Valley Pl NE 2,929 SF Office Building Rochester, MN 55906 $3,590,714 CAD ($1,225.92 CAD/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • US Bank is on a NNN lease with 7 years, 5 months remaining and 3% annual increases.
  • US Bank has an S&P Rating of A, operates 2,000+ locations across 26 states.
  • Located along East Circle Drive where traffic counts average 18,000 vehicles per day.
  • High deposits of $95 million at this location.
  • US Bank is located in Rochester, Minnesota. Rochester is home to Mayo Clinic, a top-ranked hospital in the nation.
  • 5-mile population of 111,107 and average household income of $151,583 within a 1-mile radius.

EXECUTIVE SUMMARY

3.00% annual increases beginning February 1, 2027.
Bank deposits of $95.2 million as of 6/30/2025.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
2,929 SF
Building Class
C
Year Built
1998
Price
$3,590,714 CAD
Price Per SF
$1,225.92 CAD
Cap Rate
5.25%
NOI
$188,512 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,929 SF
Building FAR
0.05
Lot Size
1.46 AC
Zoning
B4

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74.24.13.057352
Land Assessment
$651,282 CAD
Improvements Assessment
$627,093 CAD
Total Assessment
$1,278,374 CAD
  • Listing ID: 35858636

  • Date on Market: 2025-05-14

  • Last Updated:

  • Address: 3376 Northern Valley Pl NE, Rochester, MN 55906

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