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NNN Investment Opportunity with 6.37% CAP 3993 Heritage Pl NW 31,920 SF Office Building Rochester, MN 55901 $13,197,400 CAD ($413.45 CAD/SF) 6.37% Cap Rate
Executive Summary
Established Tenant: Charter Communications has occupied the building since 2009
Long-Term Stability: Tenant did not exercise the early termination option prior to 3/1/26, demonstrating commitment to the location
Future Upside: Two (2) additional 5-year renewal options with pre-determined rental increases
Market Consolidation: Other Charter locations in Rochester have been consolidated into this site, making it the company’s only Rochester location
CAP RATE of 6.37% - Seller will credit rent difference back if closing occurs before September 2026
Building Characteristics: 31,920 square feet, with approximately 6,000 square feet dedicated to warehouse space and the remaining 25,920 square feet designed for office use
Long-Term Stability: Tenant did not exercise the early termination option prior to 3/1/26, demonstrating commitment to the location
Future Upside: Two (2) additional 5-year renewal options with pre-determined rental increases
Market Consolidation: Other Charter locations in Rochester have been consolidated into this site, making it the company’s only Rochester location
CAP RATE of 6.37% - Seller will credit rent difference back if closing occurs before September 2026
Building Characteristics: 31,920 square feet, with approximately 6,000 square feet dedicated to warehouse space and the remaining 25,920 square feet designed for office use
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
31,920 SF
Building Class
B
Year Built
2009
Price
$13,197,400 CAD
Price Per SF
$413.45 CAD
Cap Rate
6.37%
NOI
$840,452 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
31,920 SF
Building FAR
0.34
Lot Size
2.14 AC
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 74.29.14.079005 | Improvements Assessment | $9,258,601 CAD |
| Land Assessment | $972,023 CAD | Total Assessment | $10,230,624 CAD |
Property Taxes
Parcel Number
74.29.14.079005
Land Assessment
$972,023 CAD
Improvements Assessment
$9,258,601 CAD
Total Assessment
$10,230,624 CAD
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NNN Investment Opportunity with 6.37% CAP | 3993 Heritage Pl NW
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