Nicollet Plaza Grocery-Anchored Retail Building
200-300 East Travelers Trail
Burnsville, Minnesota 55337
In-Place NOI: $729,191
Stabilized NOI: $888,444
Retail Building NOI: $645,432
Colliers International | Minneapolis-St. Paul has been exclusively retained by Nicollet Plaza LLC to offer for sale Nicollet Plaza Shopping Center located in Burnsville, Minnesota, a suburb of Minneapolis-St. Paul. The offering includes a 83,556 square foot retail center that is 100% occupied and is anchored by Cub Foods, the Twin Cities dominant grocer, operating under a ground lease with rent increases every five years. In addition, the offering includes a Bank Building of 20,653 square feet, located on an outlot from the retail building. The retail building and bank building are offered together but can be purchased separately.
The Seller has elected to offer Nicollet Plaza without a listing price. Offers are due on or before March 21, 2012.
Please contact Bob Pounds to arrange a tour of the property and market.
CONTACT US:
Bob Pounds
Direct 952 897 7753
Fax 952 842 7753
bob.pounds@colliers.com
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Tim Prinsen
Direct 952 897 7748
Fax 952 842 7748
tim.prinsen@colliers.com
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Amy Senn
Direct 952 897 7833
Fax 952 842 7833
amy.senn@colliers.com
COLLIERS INTERNATIONAL
Minneapolis-St. Paul
900 Second Ave S
Suite 550
Minneapolis, MN 55402