Cushman & Wakefield Retail Investment Advisors present Nicollet Plaza (the Property), an 83,556-square-foot grocery anchored center in Burnsville, Minnesota, approximately 15 miles south of downtown Minneapolis. The Property is 98% occupied and located on 8.61 AC with incredible visibility to Highway 13 (34,811 VPD) and easy access to one of the metro’s main highways, I-35W (93,000 VPD). This connectivity makes the suburb an easy commute for those working in the city, leading to a rapidly densifying area (over 970 new apartments within 3,000 ft!)  of 202,256 residents with an average household income of $120,332 within five miles.

The Property’s anchor, Cub Foods, is the market leading grocer in Minnesota and has occupied the center by way of a modified ground lease since 2005. At 68,864 SF, Cub Foods accounts for 82% of the GLA and 56% of revenue, with lease term through July 2030. Meanwhile the adjacent, separately parceled small shop building offers immediately actionable value-add opportunity through vacancy lease-up and mark-to-market growth.