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32616226
32616225

1417 East 7th Street, Monticello, MN 55362 For Sale

EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
ZF
MN 40440233
Cushman & Wakefield - Bloomington, Minnesota
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Bloomington, Minnesota, Cushman & Wakefield - Chicago, Illinois
$7,712,000
71 days on market
Updated 71 days ago

Union Crossings

Details
APN 155-205-0010.10, 155-216-0010.10
Property Type Retail
Sub Type Shopping Center
Square Footage 29,805
Units 178
Cap Rate 7.00%
NOI $539,897
Occupancy 96%
Tenancy Multi
Brand/Tenant Verizon Wireless, Little Caesars
Price per SqFt $259
Class A
Year Built 2007
Buildings 1
Acreage 4.150
Parking Spaces 178 spaces
Parking per 1,000 SqFt 5.97
Investment Type Stabilized
Ground Lease No

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.

Listing Contacts

EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
ZF
MN 40440233
Cushman & Wakefield - Bloomington, Minnesota
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Bloomington, Minnesota, Cushman & Wakefield - Chicago, Illinois

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$539,897.00
$44,991.42/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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