1600 County Road 42 West · Burnsville, MN 55337 · Grocery / Big Box
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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.
The Property is shadow-anchored by Cub Foods, Minnesota's leading grocer, which reopened in 2025 following the development of Burnsville Market. Cub Foods now operates a brand-new 87,764-square-foot flagship store, inclusive of Cub Wine & Spirits, and executed a new 20-year lease, reinforcing the center's long-term stability. The surrounding tenant mix includes nationally recognized brands such as LensCrafters, Wingstop, and Smoothie King driving consistent daily traffic to the Property. Adjacent to the Best Buy, 7 Brew has recently signed a 15-year ground lease on a future pad development site.
Ideally positioned in Burnsville's premier retail corridor, the Property benefits from exceptional visibility along County Road 5 and Egan Drive, generating over 64,000 vehicles per day, and immediate access to both I-35E and I-35W. The site sits directly across from Burnsville Center, the only enclosed shopping center south of the Minnesota River, and is surrounded by dominant national retailers including Costco, Target, Home Depot, and Total Wine, reinforcing the corridor's role as a regional shopping destination. Recent redevelopment has repositioned Burnsville Market as a best-in-class, grocery-anchored center in a supply-constrained market, offering durable cash flow and long-term upside.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.