S I X T H S T R E E T S TAT I O N
500 Pine StreetMonticello | Minnesota
PROPERTY DESCRIPTION
Investors are extended the opportunity to acquire the 100% fee interest in Sixth Street Station, a 34,251 SF neighborhood mixed-use center in Monticello, MN, a vibrant and unique community offering the best combination of big city access and amenities along with a small-town character. The center is situated on a 2.34-acre site located off heavily traveled Pine Street (27,500 VPD). Tenants offer a diversity of uses including anchor tenant Standard Iron, grocer Supermercado Lomabonita, Hirshfield’s, Papa Murphy’s, Asian Café, West Metro, Perfect Exteriors, and Better Homes & Gardens. Sixth Street Station represents a unique opportunity to acquire a mixed-use center including a corporate headquarters, a grocery component and a variety of demographically aligned tenants with an additional value creation.
ADDRESS: 500-524 Pine Street, Monticello, MN 55362
LAND AREA (2) parcels (APN): 155-010-015010, 155-019-0150702.34 - acres.
BUILDING AREA The subject consists of neighborhood mixed-use center totaling 34,251 SF.
OCCUPANCY Building is 100% occupied.
NOI: $315,296
PARKING150 parking spacesSeal coating applied in 2009Concrete work applied in 2015
TRAFFIC COUNTS Pine Street: +/- 27,500 VPD6th Street: +/- 3,500 VPDCedar Street: +/- 1,450 VPD
BUILT Building was built in 1986 and renovated in 2008, building was purchased in 2007 for SI’s Corporate HQ. Roof was replaced in 2009.
FRONTAGE Pine Street: 340 Feet6th Street: 343 FeetCedar Street: 337 Feet
©2019 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee,
warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not
represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your
advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
CONTACTS:
JAMES LEARY, CCIMSenior Vice President+1 952 924 [email protected]
JAMES POLKInvestment Specialist+1 612 336 [email protected]
JAKE COSTELLOInvestment Specialist+1 612 336 [email protected]
CBRE800 LaSalle AvenueSuite 1900Minneapolis, MN 55402
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INVESTMENT HIGHLIGHTS
SITE PLAN
S I X T H S T R E E T S TAT I O N
©2019 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee,
warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not
represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your
advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Sixth Street Station | 7
16,310 SF
3,026 SF
2,407 SF
1,275 SF
5,020 SF
Storage Area
Not included in SF calculation
2,665 SF
1,593 SF1,862 SF
TOTAL SIZE: 34,158
Pin
e St
reet
- 27
,50
0 V
PD
340 Feet
337 Feet
Ced
ar S
tree
t - 1
,450
VP
D
N
LEASE EXPIRATION: 1/31/2020
LEASE EXPIRATION: 10/31/2021
LEASE EXPIRATION: 12/31/2022
LEASE EXPIRATION: 6/30/2029
SUPERMERCADO LOMABONITA
LEASE EXPIRATION: 7/31/2022
LEASE EXPIRATION: 12/31/2023
LEASE EXPIRATION: 2/28/2020
LEASE EXPIRATION: 1/5/2022
SITE PLAN
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