Mattress Firm Anchored Multi-Tenant Retail

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LTV (Loan to Value)	0.00%	Current NOI	$0.00
Interest Rate	0.000%	Capital Rate	0.000%
Fixed Term	Approx. 9.5 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount	$0.00	Property Type
Payment	$0.00	Property Lease
Bulding Size	0 SF	Remaining Terms

Location Description

The Property is located at the intersection of U.S. Route 52/63 and 41st Street NW, 4 miles northwest of downtown Rochester. It is located within a dense retail corridor that serves as the primary shopping destination for both Rochester and the surrounding regional trade area. There are numerous national retailers, restaurants, and hotels in the immediate area including: Target, Best Buy, The Home Depot, Staples, PetSmart, Panera, Chipotle, Noodles & Co., Towne Place Suites (by Marriott), and numerous others. Additionally, just north of the Property are a variety of car dealerships including Ford, GMC, Nissan, Jeep, Honda, and Hyundai. Moreover, IBM’s 3.1 million square foot computer research, development, and manufacturing complex is directly across U.S. Route 52, a half mile from the Property. This facility is over a mile long and its campus is estimated to employ more than 3,000 highly skilled professionals, and along with the Mayo Clinic, is one of the region’s largest employers.Rochester is a city in and the county seat of Olmsted County in southeast Minnesota. It is located along Interstate 90, roughly 50 miles west of the Mississippi River and the Wisconsin state line and 90 miles south of Minneapolis. Rochester is Minnesota’s third-largest city and the largest city outside of the Minneapolis-St. Paul-Bloomington MSA. As of 2010, its population was 106,679, a 24.4% increase since 2000 and an over 84% in the last 30 years.

Highlights

IBM Rochester – Property is less than one mile from IBM Rochester, a facility that comprises 3.1 million square feet…