3801 Marketplace Dr. NW Rochester, MN 55901

3801 Marketplace Dr. NW Rochester, MN 55901

  • Purchased 5/18/2021.

  • Credit quality, WALT of 8.4 years, 2% annual rent bumps, 12% vacancy.

  • Incoming NOI: $272,416 (NNN)

  • $4.2M purchase (6.5 CAP) on 5/18/21 with seller carry of 13%.

  • Plan: Lease up vacancy.

  • Stabilized NOI -7/2022- $327,466.

  • Value: $5.5M - 10/2022.