US Bank for Sale in Rochester, MN
Rochester, MN
Key Investment Metrics
Price
$2,572,592
Cap Rate
5.3%
Net Operating Income
$135,061
Building Size
2970 SF
Land Area
1.46 Acres
Remaining Term
6.5 years
Lease Expiration
01/31/2033
Lease Term
34 years
Lease Commencement
02/01/1999
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1998
Tenancy
Single
Rent Increases
3% annual increases
Property overview
US Bank in Rochester
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,970 SF
- Land area
- 1.46 acres
- Year built
- 1998
- Lease type
- NNN
- Lease expiration
- 01/31/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.