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1217 Marion Rd SE
Rochester, MN 55904
Marion Retail Center · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Current tenants have been in place for an average of 7.5 years, showing strong tenant retention and lease stability
- Located at the high-traffic intersection of US Hwy 14 & Marion Rd SE, capturing over 39,000+ combined VPD at a major 4-way signalized intersection
- Rochester is home to the world-renowned Mayo Clinic and the transformative Destination Medical Center (DMC) development
- Direct proximity to a thriving big box center anchored by Cub Foods and Planet Fitness
- Positioned along Rochester's primary east-west retail artery, benefitting from strong daily traffic flow generated by Cub Foods and other anchors
- 3-mile trade area features an average household income of nearly $116,000, well above the U.S. median in 2024
Résumé de l'annonce
Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Marion Retail Center located at 1217 Marion Rd SE in Rochester, Minnesota. The investment consists of a single-story retail building containing 8,892 SF of GLA situated on 0.93 acres. Built in 2013, this modern retail center offers investors a stable income-producing asset in Rochester's thriving economy.
The property is 100% occupied with a diverse tenant roster of six local and national tenants including Golden Wok, Beauty Mark, GLO Nails, Metro by T-Mobile, Tortilleria La Mayzteca, and Toppers Pizza. With a WALT of 2.8 years and several leases featuring 3% annual rent escalations, the investment provides built-in NOI growth potential. With current tenants in-place for 7.5 years on average, this investment is positioned for a stable income stream and strong tenant retention.
The center is strategically positioned at the high-traffic intersection of US Highway 14 & Marion Rd SE, capturing over 39,000 combined vehicles per day at this major four-way signalized intersection. Located along Rochester's primary east-west retail artery, the property benefits from direct proximity to a thriving big box center anchored by Cub Foods and Planet Fitness, creating consistent cross-shopping opportunities. The investment is further strengthened by Rochester's destination medical economy, anchored by the world-renowned Mayo Clinic and the transformative $6.5B Destination Medical Center development, along with high-income demographics featuring a 3-mile average household income of nearly $116,000.
Please refer to the OM for more information on this investment opportunity.
The property is 100% occupied with a diverse tenant roster of six local and national tenants including Golden Wok, Beauty Mark, GLO Nails, Metro by T-Mobile, Tortilleria La Mayzteca, and Toppers Pizza. With a WALT of 2.8 years and several leases featuring 3% annual rent escalations, the investment provides built-in NOI growth potential. With current tenants in-place for 7.5 years on average, this investment is positioned for a stable income stream and strong tenant retention.
The center is strategically positioned at the high-traffic intersection of US Highway 14 & Marion Rd SE, capturing over 39,000 combined vehicles per day at this major four-way signalized intersection. Located along Rochester's primary east-west retail artery, the property benefits from direct proximity to a thriving big box center anchored by Cub Foods and Planet Fitness, creating consistent cross-shopping opportunities. The investment is further strengthened by Rochester's destination medical economy, anchored by the world-renowned Mayo Clinic and the transformative $6.5B Destination Medical Center development, along with high-income demographics featuring a 3-mile average household income of nearly $116,000.
Please refer to the OM for more information on this investment opportunity.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
8 892 pi²
Classe d’immeuble
C
Année de construction
2013
Prix
3 422 177 $ CAD
Prix par pi²
384,86 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
256 640 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,22
Taille du lot
0,93 AC
Commodités
- Restaurant
- Intersection avec signalisation
- Service au volant
Impôts fonciers
| Numéro de lot | 64.01.44.080507 | Évaluation des bâtiments | 2 680 181 $ CAD |
| Évaluation du terrain | 554 959 $ CAD | Évaluation totale | 3 235 140 $ CAD |
Impôts fonciers
Numéro de lot
64.01.44.080507
Évaluation du terrain
554 959 $ CAD
Évaluation des bâtiments
2 680 181 $ CAD
Évaluation totale
3 235 140 $ CAD
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