3780 Marketplace DrRochester, MN 55901

For Sale
$10,370,000
High-traffic retail center, strong anchors.

Overview

Added:
Feb 3
Days on market:
72
This exceptional investment opportunity presents a 22,362 square foot retail center strategically located at 3780 Marketplace Drive NW in Rochester, Minnesota. The property sits on a 2.73-acre lot and boasts a prime location just off Highway 52, a major thoroughfare with a daily traffic count of 75,860 vehicles. The center benefits from a strong tenant mix, including a Chipotle, Panera Bread, and Verizon Wireless. Most significantly, this center is shadow-anchored by a Target and Home Depot, two national retail giants. The Target store, a top 4% performer nationally, recorded 2.4 million customer visits in the past twelve months, ensuring substantial foot traffic and consistent revenue generation for the center. This translates to exceptional stability and high visibility for all tenants. The property is offered at $10,370,000, presenting a compelling investment opportunity in a thriving retail market. The triple-net (NNN) lease structure minimizes landlord responsibilities, further enhancing the investment's appeal. This is a rare chance to acquire a well-positioned, high-performing retail property in a robust and growing community.

Property Details for 3780 Marketplace Dr

Property type
Retail properties
Square Feet
22,362 SF
Year Built
2003
Lot Size (sq. ft)
118,919 SF

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.06238
Longitude
-92.49992
3780 Marketplace Dr, Rochester, Minnesota

FAQs

What type of property is this?
Retail property - High-traffic retail center, strong anchors.
Where is the retail property located?
The property is located at 3780 Marketplace Dr Rochester, MN.
What is the asking price?
The asking price for this property is $10,370,000.
How can I contact the broker?
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3780 Marketplace Dr
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