Absolute NNN Leased Walgreens 4950 County Road 101
12,544 SF Retail Building Minnetonka, MN 55345 $7,500,000 ($597.90/SF) 8.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Situated Near Major Retailers
- Zero Landlord Obligations
- Hard Corner Location with Excellent Ingress & Egress Points
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Minnetonka, Minnesota. The lease
calls for zero landlord obligations with 10 years remaining and is
corporately guaranteed by Walgreens. This Walgreens includes a drive
through and is situated on a hard corner with excellent ingress and
egress points. The asset is well situated near Target, Planet Fitness,
Dairy Queen, Cub Grocery Store and many others.
established Walgreens location in Minnetonka, Minnesota. The lease
calls for zero landlord obligations with 10 years remaining and is
corporately guaranteed by Walgreens. This Walgreens includes a drive
through and is situated on a hard corner with excellent ingress and
egress points. The asset is well situated near Target, Planet Fitness,
Dairy Queen, Cub Grocery Store and many others.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,544 SF
Building Class
B
Year Built/Renovated
2002/2011
Price
$7,500,000
Price Per SF
$597.90
Cap Rate
8.32%
NOI
$624,000
Tenancy
Single
Building Height
1 Story
Zoning
PUD
Parking
40 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
129’ on County Road 101
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30-117-22-14-0008 | Improvements Assessment | $1,839,000 |
| Land Assessment | $1,228,000 | Total Assessment | $3,067,000 |
