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Virtual Drive-By

US Bank NNN

3376 Northern Valley Pl NE · Rochester, MN 55906 · Banking / Financial

Asking price
$2,572,592
Cap rate
5.25%
NOI
$135,061

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Lease

Lease typeNNN
Term remaining6.5 yrs
Expiration01/2033
Rent bumps3% annual increases
OptionsTwo 5-Year w/ 15% Rent Increases
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,970
Price / SF$866
Year built1998
Lot size1.46 ac
TypeBank
Days on market59

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​US Bank is on a NNN lease with 6 1/2 + 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 111,884 and average household income of $176,910 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.

Property overview

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.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.