Contacts

Amy Senn

Mid-America Real Estate Group

Property Details

Property Type Retail - Street Retail
Units 11
Lot Size 9.61 Acre
Property Tenancy Multi-Tenant
Year Built 1988
Date Updated Apr 14, 2026

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.

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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