- For Sale $9,300,000
- Property Type Retail - Street Retail
- Units 11
- Lot Size 9.61 Acre
- Property Tenancy Multi-Tenant
- Year Built 1988
- Date Updated Apr 14, 2026
Description
Burnsville Crossing (the “Property”) is a multitenant retail center anchored by Furniture Mart and located on County Road 42 near the convergence of interstates I-35E & I-35W within the established Burnsville regional retail trade are.
Highlights
- BELOW MARKET ANCHOR LEASE
- Burnsville Crossings is being offered at the low price per square foot of $102, representing a meaningful discount to current replacement cost, providing downside protection and positioning the asset favorably for long-term value preservation.
- DYNAMIC REGIONAL TRADE AREA
- Furniture Mart is a long-established, Midwest-based furniture retailer operating 50+ retail locations across six states with centralized distribution and serving as one of the top 50 furniture retailers in the U.S.. Additionally, the lease has a corporate guaranty from Furniture Mart, USA, Inc.
- Furniture Mart makes up 48% of the GLA and is paying below market rent of $11.10 per square foot gross ($5.74 psf net). An investor has the opportunity to capitalize on this and increase rent to market once the final option expires in 2033.
- PRICED BELOW REPLACEMENT
- STABLE AND RESILIENT FUNDAMENTALS
- The rent roll provides stability and growth with 4.4% CAGR and weighted average lease term of 5 years. Additionally, only 1% of the GLA expires within the first year of the hold period.
- WELL ESTABLISHED ANCHOR TENANT
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Contacts
Amy Senn
Mid-America Real Estate Group
Location
Contact Listing Broker
Amy Senn
Mid-America Real Estate Group
