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Walgreens | 7hrs Remain Corp Abs NNN 14020 Pilot Knob Rd

14,672 SF Retail Building Apple Valley, MN 55124 $3,200,000 ($218/SF) 9.03% Cap Rate

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Investment Highlights

7 Years Remaining | Options to Extend | Established Brand
Dense Retail Corridor | Strong National/Credit Tenant Presence | Direct Across Multiple Schools
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Minneapolis MSA

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection | Excellent Visibility

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Walgreens investment property located in Apple Valley, Minnesota (Minneapolis MSA). The tenant, Walgreens, Co. has 7 years remaining on their initial lease term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is guaranteed by the corporate entity and is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,672 SF

Building Class

Year Built

2005

Price

$3,200,000

Price Per SF

$218

Cap Rate

9.03%

NOI

$289,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

1.44 AC

Zoning

RB - Retail Business

Parking

55 Spaces (3.75 Spaces per 1,000 SF Leased)

Frontage

76 FT on 140th St

Amenities

Corner Lot
Signage

Signalized Intersection

Drive Thru

Monument Signage

Retailer
99,999 SF
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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.