Dark Advance Auto Parts | Rochester, MN | 1764 Broadway Ave S
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Dark Advance Auto Parts | Rochester, MN 1764 Broadway Ave S
8,036 SF Retail Building Rochester, MN 55904 For Sale
Investment Highlights
- Great corner location along Broadway Avenue
- New roof membrane that was installed in 2019
Executive Summary
Great Location & Property -
This Advance Auto Parts has a great corner location along Broadway Avenue, a major north-south corridor in Rochester, and is located two blocks from the planned 60-acre Graham Park redevelopment project (pg 12). In addition to a great location, this property was built in 2005 and has great visibility, traffic counts, signage, and ample parking. The building also has a new roof membrane that was installed in 2019.
Fantastic Market -
Rochester is Minnesota's third largest city and is home to the world-renowned Mayo Clinic, which draws more than 2 million people from around the world annually. The population has continuously grown steadily and shows no signs of slowing down. The Mayo Clinic is by far the area's largest employer and fuels the local economy, which has an average household income of over $100,000.
Great Redevelopment Site -
The property sits on nearly an acre of prime real estate that could be redeveloped for a variety of different tenants. According to CoStar, there is very little under construction and the vacancy rate is 2.3%, which is lower than its trailing three-year average of 2.7% and is even lower at 1.8% in general retail buildings.
Continued Rent Payments -
Although Advance Auto Parts plans to vacate at the end of their term, they are still obligated to pay rent through March 2025.
This Advance Auto Parts has a great corner location along Broadway Avenue, a major north-south corridor in Rochester, and is located two blocks from the planned 60-acre Graham Park redevelopment project (pg 12). In addition to a great location, this property was built in 2005 and has great visibility, traffic counts, signage, and ample parking. The building also has a new roof membrane that was installed in 2019.
Fantastic Market -
Rochester is Minnesota's third largest city and is home to the world-renowned Mayo Clinic, which draws more than 2 million people from around the world annually. The population has continuously grown steadily and shows no signs of slowing down. The Mayo Clinic is by far the area's largest employer and fuels the local economy, which has an average household income of over $100,000.
Great Redevelopment Site -
The property sits on nearly an acre of prime real estate that could be redeveloped for a variety of different tenants. According to CoStar, there is very little under construction and the vacancy rate is 2.3%, which is lower than its trailing three-year average of 2.7% and is even lower at 1.8% in general retail buildings.
Continued Rent Payments -
Although Advance Auto Parts plans to vacate at the end of their term, they are still obligated to pay rent through March 2025.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,036 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
0.93 AC
Zoning
C
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 64.11.44.074751 | Improvements Assessment | $1,634,922 CAD (2023) |
| Land Assessment | $795,764 CAD (2023) | Total Assessment | $2,430,686 CAD (2023) |
PROPERTY TAXES
Parcel Number
64.11.44.074751
Land Assessment
$795,764 CAD (2023)
Improvements Assessment
$1,634,922 CAD (2023)
Total Assessment
$2,430,686 CAD (2023)
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Brian Brisky -
Trent Anderson -
Brisky Net Lease
(612) 413-4200
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Dark Advance Auto Parts | Rochester, MN | 1764 Broadway Ave S
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