17630 Kenwood Trl | Lakeville, MN 55044
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- LoopNet Team
17630 Kenwood Trl
Lakeville, MN 55044
Walgreens Minneapolis MSA Abs Net 5.85 CAP 9 · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB- (S&P) Fortune 500 Company with over 9,2
- HISTORY OF SOLID STORE SALES - Walgreens is reporting a history of solid store sales at this location.
- STRATEGIC LOCATION WITH LIMITED COMPETITION - CVS is located directly across the street making this a strategic location for both Walgreens and CVS.
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES - Absolute net lease with 9 yrs of term remaining, 10 (5-yr) options and no landlord responsibili
- INPLACE ASSUMABLE CMBS NON-RECOURSE FINANCING - Existing financing is assumable, debt matures 10/06/2026, balance is $3,562,798.51 at 4.41% rate.
- AFFLUENT AREA WITH NEWLY CONSTRUCTED RESIDENTIAL NEIGHBORHOODS – Average HH income in a 5-mi radius is $119,146 with a population of about 136,946.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.91 AC
Zoning
Commercial
Parking
87 Spaces (7.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 22-11885-01-020 | Improvements Assessment | $1,372,800 |
| Land Assessment | $1,429,500 | Total Assessment | $2,802,300 |
PROPERTY TAXES
Parcel Number
22-11885-01-020
Land Assessment
$1,429,500
Improvements Assessment
$1,372,800
Total Assessment
$2,802,300
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