3121 E Lake St | Minneapolis, MN 55406
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- LoopNet Team
3121 E Lake St
Minneapolis, MN 55406
Newly Built Walgreens in a Prominent Corridor · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptionally visible, brand-new Walgreens established on a corner lot in one of Minneapolis’ booming retail corridors 10 minutes from downtown.
- Strong commitment to the location under an absolute net lease with a preferred five-year option structure and a full Walgreens guaranty.
- Positioned with convenience along a major road with numerous public transportation stops adjacent to international fast-food chain McDonald’s.
- Recently relocated from a previous store with a prime sales history, positioned over an entire city block encircled by a high-density population.
- Located in a thriving submarket with high barriers to entry and surrounded by nationally renowned retailers Target, Aldi, Dollar Tree, and more.
- Quick and seamless accessibility three minutes off primary thoroughfare Highway 55 and 2 miles from the I-94 and I-35W interchange.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,768 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.72 AC
Zoning
C2
Frontage
PROPERTY TAXES
| Parcel Number | 06-028-23-22-0164 | Improvements Assessment | $3,036,900 |
| Land Assessment | $563,100 | Total Assessment | $3,600,000 |
PROPERTY TAXES
Parcel Number
06-028-23-22-0164
Land Assessment
$563,100
Improvements Assessment
$3,036,900
Total Assessment
$3,600,000
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