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Walgreens | Wayzata, MN 1055 Wayzata Blvd E
15,149 SF Retail Building Wayzata, MN 55391 $10,000,000 ($660/SF) 6.15% Cap Rate
Investment Highlights
- Trophy Location Near Lake Minnetonka
- Corner Lot on Signalized Intersection
- Absolute NNN Lease
- $3.9M Reported Sales
- Affluent Neighborhood
Executive Summary
Positioned in a highly sought-after area of Wayzata, this Walgreens benefits from its close proximity to Lake Minnetonka, attracting both local residents and visitors. Due to the high barriers to entry in Wayzata, this was a five-year development for Walgreens.
High-Performing Store:
The location boasts annual sales consistently exceeding $3,000,000, underscoring its strong performance and customer demand.
Corner Lot on Signalized Intersection:
Positioned on a highly visible corner lot, this property enjoys excellent accessibility and high traffic counts (15,200+ VPD - Central Ave North & 21,400+ VPD - Wayzata Blvd) from a major signalized intersection.
Affluent Neighborhood:
Located in an upscale community with a strong and loyal customer base, this Walgreens serves a well-established and affluent population, contributing to its consistent sales performance.
Absolute NNN Lease:
This property features an absolute NNN lease with zero landlord responsibilities, backed by a strong corporate guarantee with over 10 years remaining on the lease term.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Mar 2035
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Mar 2035 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-117-22-14-0081 | Improvements Assessment | $1,277,000 |
| Land Assessment | $4,197,000 | Total Assessment | $5,474,000 |
PROPERTY TAXES
Presented by
Walgreens | Wayzata, MN | 1055 Wayzata Blvd E
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