Retail W Minnesota

Upland Real Estate sells busy retail center in Minneapolis area

Keith Sturm and Deb Vannelli of Upland Real Estate Group are exclusively listing The Shops at Wedgwood, a 15-tenant retail center in Maple Grove, Minnesota, priced at slightly more than $13.8 million with a CAP rate of 6.25 percent.

The property consists of three fully leased retail centers with tenants such as Snap Fitness, Bruegger’s Bagels, Fantastic Sams, Jimmy John’s Gourmet Sandwiches, Pizza Hut and Metro Dentalcare.

The Shops at Wedgwood is located off of Interstate-494, with traffic counts averaging 78,000 vehicles daily.