Union Crossings
Retail | 7.00% CAP | 29,805 SqFt
Marketing description
Cushman & Wakefield's Retail Advisory Group is pleased to present the opportunity to acquire Union Crossings, a 29,805-square-foot, institutionally positioned neighborhood retail center located at the northwest corner of Interstate 94 and Fenning Avenue in Monticello, Minnesota.
Union Crossings is strategically situated within the dominant retail corridor serving Wright County and the broader I-94 trade area, benefiting from immediate adjacency to top-performing national retailers including Target, Home Depot, Marshalls, and PetSmart—all of which serve as powerful regional traffic drivers.
The Property is currently 96% leased and generates a Year 1 NOI of approximately $539,897, offering investors durable in-place cash flow supported by a diversified roster of national and necessity-based tenants. The asset features a Weighted Average Lease Term of 4.9 years, providing a balance of income stability and embedded mark-to-market opportunity.
Positioned between the Twin Cities and St. Cloud, Monticello functions as a highly effective regional retail hub, with nearly 69% of retail sales derived from non-resident consumers, underscoring the Property's ability to capture demand from a broad and underserved trade area.
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