Rochester, MN - Hobby Lobby and Ashley Retail Center

Description:

#1 Hobby Lobby In MN (Per Placer.ai) | Low $6 Rent P/SF | 20+ Year Operating History Must Be Purchased Together with Fridley, MN Property | Contact Broker for Details SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant retail investment property located in Rochester, Minnesota. The property is occupied by Furniture Mart USA, Inc. d/b/a Ashley Furniture HomeStore and Hobby Lobby Stores, Inc., two established national retailers providing investors with stable in-place cash flow and a diversified income stream. The asset benefits from long-term tenant occupancy, strong brand recognition, and a strategic location within Rochester’s premier retail corridor. This property is being offered exclusively as part of a two-property portfolio with the Fridley, MN property and must be purchased together.

The subject property is strategically located along U.S. Highway 63, one of Rochester’s primary commercial corridors, and benefits from excellent visibility and accessibility. The asset is positioned within a dominant retail trade area surrounded by numerous national and credit tenants including Walmart Supercenter, Sam’s Club, PetSmart, Best Buy, Verizon, Burlington, Panera Bread, Aldi, Costco, Starbucks, McDonald’s, and many others. The property also benefits from its proximity to Mayo Clinic, Rochester’s largest employer and one of the nation’s leading healthcare institutions, which serves as a significant economic driver for the region. Supported by more than 109,000 residents and an average household income exceeding $124,000 within the 5-mile trade area, the property is well positioned to benefit
from Rochester’s continued population growth, strong employment base, and regional consumer draw. The combination of nationally recognized tenants, affluent demographics, and a location within one of Minnesota’s strongest retail corridors creates an attractive long-term investment opportunity.

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