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55th Street NW & Chateau Road
Rochester, MN 55901 Northwest Rochester

$2,958,000 USD

Auto Repair For Sale  •  1,750 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 1,716 SF
  • Lot Size 1.14 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning MX-N
30 Transit Score
50 Walk Score

Highlights

?Absolute Net Lease With 13.3 Years Remaining | 2% Annual Rent Increases
?1.14-Acre Corner Site at a Signalized Intersection (Area Traffic Counts Exceed 70,000 VPD)
?Top 71st Percentile Statewide by Annual Visits (Placer.ai) | Across From a Walmart Supercenter & Sam's Club-Anchored Power Center
?$119,625 Average Household Income Within 5 Miles, Projected to be $137,027 by 2030
?85,947 Residents & 126,771 Daytime Population (5-Mile Radius)
?Located 90 Miles Southeast of Minneapolis-St. Paul, Rochester is Minnesota's 3rd-Largest City and Still Growing
Cap Rate: 7.50 %

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Rochester International 19 min - 13.5 mi
Vincent Knipp 972-755-5205 Knipp Wolf Net Lease Group | Marcus & Millichap
Vincent Knipp 972-755-5205 Knipp Wolf Net Lease Group | Marcus & Millichap