US Bank

$2,572,592

3376 Northern Valley Place Northeast, Rochester, MN 55906

For Sale

Retail Other

Active

Last Updated: 05/14/2025

Details:

Cap Rate: 5.25%

NOI: $135,061

Building Size: 2,970 sqft

Occupancy: 100%

Lease Type: Triple Net

Year Built: 1998

Tenancy: Single

Highlights:

US Bank is on a NNN lease with 7 ½ + years remaining and 3% annual increases.
High deposits of $95 million at this location.
US Bank has an S&P Rating of A, operates 2,000+ locations across 26 states, primarily in the Midwest and West with revenues of $27.5 Billion.
US Bank is located in Rochester, Minnesota. Rochester is home to Mayo Clinic, a top-ranked hospital in the nation. The clinic cares for approximately 1.4 million patients from around the world each year.
The Mayo Clinic St. Mary’s Campus has 1,265 Beds with 64 operating rooms, while the Methodist Campus has 794 Beds with 51 operating rooms.
With Mayo Clinic at its heart, Destination Medical Center, is a robust 20-year, $5.6 billion economic development initiative designed to position Minnesota as a global center for the highest quality medical care.
US Bank is located along East Circle Drive where traffic counts average 18,000 vehicles per day and near North Broadway Avenue where traffic counts average 11,700 vehicles.
5-mile population of 111,107 and average household income of $151,583 within a 1-mile radius.
Nearby tenants include Hy-Vee, O’Reilly Auto Parts, o2B kids, Tommy’s Express Car Wash, Target, Hobby Lobby, Ashley Homestore, and more.

Description:

US Bank is located along East Circle Drive where traffic counts average 18,000 vehicles per day and near N Broadway Ave where traffic counts average 11,700 vehicles. 5-mile population of 111,107 and average household income of $151,583 within a 1-mile radius.