Broadway Pizza
Retail | 7.84% CAP | 7,198 SF
Marketing description
Marcus & Millichap is pleased to present the Broadway Pizza property in Rochester, Minnesota for sale.
This is a rare opportunity to acquire a high-visibility commercial property in one of Rochester’s most active and sought-after retail cor ridors. The property is being offered as a short term income-producing opportunity providing ample time to provide a long-term replacement for the tenant. The site includes 7,198 square foot freestanding building on a generous 1.59-acre parcel. Located directly adjacent to major national retailers including Target, Home Depot, Chipotle, Best Buy, Taco Bell, Hobby Lobby and many others, the property sits at the core of one of Rochester's dominant retail hubs.
Strategically positioned along Highway 52 North, the property benefits from direct visibility to over 56,000 vehicles per day, ensuring exceptional exposure and accessibility. Tenants in the area benefit from strong demographics with a population exceeding 100,000 and an average household income of over $116,000.
Investment highlights
Short Term Sale Leaseback With Repositioning Opportunity
Premium Location with 7,198 SF Building on 1.59 Acres
Tenant Will Sign A 2-Year Sale-Leaseback at Close of Escrow, But Is Also Willing to Vacate Sooner
Direct Visibility to Daily Traffic of Over 56,000 cars Per day
Strategic Location in Dominant Retail Corridor Adjacent to Target, Home Depot, Hobby Lobby, Best Buy & Many Other National Retailers
Superior Demographics With Average Household Income Exceeding $116,000 Within Five miles
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