1417 East 7th Street Monticello, MN 55362
29,805 SF retail center in Monticello, Minnesota for sale.
Property Features for 1417 East 7th Street
General Information
- Standard status
- Active
- Size
- 29,805 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing office Cushman & Wakefield - Nashville, Tennessee
Listing date May 13, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- 96% leased neighborhood retail center generating a Year 1 NOI of approximately $539,897.
- Strategically located at the northwest corner of Interstate 94 and Fenning Avenue in Monticello, Minnesota, within the dominant retail corridor serving Wright County.
- Anchored by top‑performing national retailers including Target, Home Depot, Marshalls, and PetSmart.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $565.1k | $18.96 |
| − Vacancy | −$40.7k | −$1.37 |
| EGI | $524.4k | $17.59 |
| − OpEx | −$157.3k | −$5.28 |
| NOI | $367.1k | $12.32 |
Alternative Uses
Property Analytics
Current Use by Public Records
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- Sixth Street Station — 508 MN-25, Monticello, MN 55362
