US Bank
$2,572,592
3376 Northern Valley Place Northeast, Rochester, MN 55906
For Sale
Retail
Active
Last Updated: 01/06/2026
5.25
Cap Rate
165,061
NOI
Details:
Cap Rate: 5.25%
NOI: $165,061
Lot Area: 1.46 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1998
Tenancy: Single
Highlights:
- US Bank is on a NNN lease with 7 years remaining and 3% annual increases.
- High deposits of $95.2 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.
- 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 111,001 and average household income of $171,287 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.
Home to the esteemed Mayo Clinic that employs over 37,000 people and treats over 1.3 million patients annually, Rochester is a thriving city with a population
of over 121,000. Consistently rated as one of the best cities to live in the U.S., Rochester is also a welcoming destination for visitors and has over 2 million
visitors each year.
Documents:
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US_Bank_-_Rochester__MN_MP.pdf
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