2499 Highway 7 | Excelsior, MN 55331
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- LoopNet Team
2499 Highway 7
Excelsior, MN 55331
Minneapolis MSA | $8.8M | NNN | 11 Yrs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corp with an investment grade credit rating of BBB-(S&P) & a Fortune 500 Comp. with 9,200+ locations.
- ONLY NATIONAL CHAIN DRUGSTORE IN EXCELSIOR - The next closest Walgreens is over 3 mi E in Minnetonka & the nearest CVS is in Chanhassen, 3 mi S.
- MINNEAPOLIS-ST. PAUL MSA LOCATION - 15 mi SW of Minneapolis & part of the Minneapolis-St. Paul-Bloomington MSA, largest in MN with 3.6M residents.
- NNN LEASE WITH NO LANDLORD RESPONSIBILITIES – NNN with ±11 yrs of lease term remaining and no landlord responsibilities whatsoever.
- AFFLUENT AREA WITH MEDIAN HH INCOMES OF $120K+ - Median household incomes in a 1-mi radius is $140,794, $129,755 within 3-mile & $122,694 in 5-miles.
- HIGH TRAFFIC COUNTS - Property is located on the main hwy in Excelsior and runs west/east into Minneapolis, with high traffic counts of 33,000 vpd.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.45 AC
Zoning
C
Parking
43 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
140’ on Minnesota 7
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 25.7940010 | Improvements Assessment | $1,647,500 |
| Land Assessment | $1,042,200 | Total Assessment | $2,689,700 |
PROPERTY TAXES
Parcel Number
25.7940010
Land Assessment
$1,042,200
Improvements Assessment
$1,647,500
Total Assessment
$2,689,700
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