Walgreens | 6 YR Abs NNN Lease 14020 Pilot Knob Rd

14,672 SF Retail Building Apple Valley, MN 55124 $3,000,000 ($204/SF) 9.63% Cap Rate

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
B
Year Built
2005
Price
$3,000,000
Price Per SF
$204
Cap Rate
9.63%
NOI
$288,900
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

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

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 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Burn Boot Camp
Ilovekickboxing
Jazzercise
Life Time Fitness

PROPERTY TAXES

  • Listing ID: 33924490

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 14020 Pilot Knob Rd, Apple Valley, MN 55124