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3780 Market Place Dr NW

21,503 SF 100% Leased Retail Building Rochester, MN 55901 $14,699,164 CAD ($684 CAD/SF) 6% Cap Rate

Investment Highlights

  • 100% Occupied - 21,503 sq. ft. Target & Home Depot Shadow anchored center
  • Exceptional Traffic & Visibility: Positioned just off Highway 52 with daily exposure to over 75,860 vehicles.
  • Target attracts 2.4 million annual visitors and ranks in the top 4% nationally, providing unmatched foot traffic and stability

Executive Summary

Presenting 3780 Marketplace Dr NW – an exceptional retail investment opportunity shadow-anchored by high-profile neighbors Target and Home Depot. This premier NNN retail center boasts national tenants including Chipotle, Panera, and Verizon, driving a strong tenant mix in one of Rochester’s most coveted retail locations.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
21,503 SF
Building Class
B
Year Built
2003
Price
$14,699,164 CAD
Price Per SF
$684 CAD
Cap Rate
6%
NOI
$881,882 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
2.73 AC
Zoning
Commercial - MX-G - Mixed Use General:
Parking
175 Spaces (8.14 Spaces per 1,000 SF Leased)
Frontage
334 ft on Marketplace Dr NW

Amenities

  • Dedicated Turn Lane
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Bakers Square
Applebee's
Starbucks
Leeann Chin
Caribou Coffee
Noodles & Company
Fareway Meat & Grocery
Pancheros Mexican Grill
Farrell's Exreme Bodyshaping
Five Guys

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74.21.11.060104
Land Assessment
$2,022,304 CAD
Improvements Assessment
$8,075,610 CAD
Total Assessment
$10,097,914 CAD
  • Listing ID: 33729828

  • Date on Market: 2024-11-02

  • Last Updated:

  • Address: 3780 Market Place Dr NW, Rochester, MN 55901

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