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1600 County Road 42 W
Burnsville, MN 55337
Best Buy · Retail Property For Sale
Investment Highlights
- Brand-New Construction Best Buy Shadow Anchored by Minnesota's Leading Grocer
- Minimal Capital Expsoure
- Exceptional Visibility & Regional Connectivity
- Ideal Passive Management Structure
- Attractive Contractual Rent Increases
- Strong Demos Driving Consistent Traffic
Executive Summary
CBRE NRP Midwest is pleased to present the Best Buy at Burnsville Market, a newly constructed, single-tenant retail investment with 11.8 years of term remaining. Best Buy (NYSE: BBY) is a publicly traded, investment-grade retailer with a BBB+ credit rating, ranking #109 on the Fortune 500 List. The 45,000-square-foot building was completed in 2024. Best Buy relocated to this site from another location within the market, reflecting a reinvestment in this trade area. Headquartered in Minneapolis, approximately 10 miles north of the property, Best Buy’s substantial capital investment in this new build within its home market shows their long-term commitment to the location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
45,000 SF
Building Class
B
Year Built
2024
Price
$18,150,000
Price Per SF
$403.33
Cap Rate
6%
NOI
$1,089,000
Tenancy
Single
Building Height
1 Story
Parking
193 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
1,041’ on McAndrews Road West
Amenities
- Air Conditioning
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