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Walgreens | Maple Grove, MN 16750 95th Ave N 14,739 SF 4-Star Retail Building Osseo, MN 55311 $3,874,988 ($262.91/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Rapidly Growing Market
- Drive-Thru Pharmacy
- Prime Twin Cities Suburban Location
- Excellent Visibility & Access in a Retail Dense Corridor
- Strong Market Fundamentals
Executive Summary
Absolute NNN Lease -
The property is secured by an absolute NNN lease with over 5 years of remaining term.
Prime Twin Cities Suburban Location -
Located in affluent Maple Grove, one of the fastest-growing and most desirable suburbs in the Minneapolis MSA, with an average household income exceeding $176,000 within a 5-mile radius.
Rapidly Growing Market -
Maple Grove is growing at an annual rate of 0.83%, with the population increasing 5.2% since 2020.
Excellent Visibility & Access -
Prominent corner location featuring multiple points of ingress/egress, strong frontage along County Road 30 with 15,500+ VPD, and convenient access just off Interstate 94.
Drive-Thru Pharmacy -
Features a convenient drive-thru, enhancing customer accessibility and operational efficiency.
Retail Dense Corridor -
Adjacent to numerous national and regional retailers, restaurants, and service providers that help drive consumer traffic.
Strong Market Fundamentals -
The Maple Grove retail submarket has a vacancy rate of 1.8%, with little currently under construction. Demand for the submarket remains high, and rent growth outpaces the Minneapolis market and the national average.
The property is secured by an absolute NNN lease with over 5 years of remaining term.
Prime Twin Cities Suburban Location -
Located in affluent Maple Grove, one of the fastest-growing and most desirable suburbs in the Minneapolis MSA, with an average household income exceeding $176,000 within a 5-mile radius.
Rapidly Growing Market -
Maple Grove is growing at an annual rate of 0.83%, with the population increasing 5.2% since 2020.
Excellent Visibility & Access -
Prominent corner location featuring multiple points of ingress/egress, strong frontage along County Road 30 with 15,500+ VPD, and convenient access just off Interstate 94.
Drive-Thru Pharmacy -
Features a convenient drive-thru, enhancing customer accessibility and operational efficiency.
Retail Dense Corridor -
Adjacent to numerous national and regional retailers, restaurants, and service providers that help drive consumer traffic.
Strong Market Fundamentals -
The Maple Grove retail submarket has a vacancy rate of 1.8%, with little currently under construction. Demand for the submarket remains high, and rent growth outpaces the Minneapolis market and the national average.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,739 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
$3,874,988
Price Per SF
$262.91
Cap Rate
8%
NOI
$309,999
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.87 AC
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-119-22-31-0005 | Improvements Assessment | $2,220,200 |
| Land Assessment | $1,051,900 | Total Assessment | $3,272,100 |
Property Taxes
Parcel Number
08-119-22-31-0005
Land Assessment
$1,051,900
Improvements Assessment
$2,220,200
Total Assessment
$3,272,100
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Walgreens | Maple Grove, MN | 16750 95th Ave N
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