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3585 Lexington Ave N
Arden Hills, MN 55126
Walgreens · Retail Property For Sale
Investment Highlights
- MINNEAPOLIS-ST PAUL MSA – Arden Hills is a part of the second largest Metropolitan Statistical Area in the Midwest exceeding 3.7 million residents.
- LONG-TERM LEASE – With 14 years remaining on the lease, this investment ensures consistent rental income for the foreseeable future from Walgreens.
- HIGH-VISIBILITY LOCATION – The property is situated on a prominent corner lot, ensuring excellent exposure and visibility to a high volume of traffic.
- ‘NEWER’ STORE W/ HIGH-QUALITY CONSTRUCTION - The subject property is one of the rare mostly brick construction ones.
- ROBUST RETAIL CORRIDOR – There are multiple national retailers in the immediate area including Target, Chick-Fil-A ,Trader Joe’s, and more.
- INVESTMENT GRADE CREDIT TENANT – Rent is guaranteed by Walgreens Corporate, a Fortune 500 company boasting an S&P credit rating of BBB.
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.69 AC
Zoning
C
Parking
30 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 34-30-23-11-0097 | Improvements Assessment | $1,807,700 |
| Land Assessment | $1,323,100 | Total Assessment | $3,130,800 |
Property Taxes
Parcel Number
34-30-23-11-0097
Land Assessment
$1,323,100
Improvements Assessment
$1,807,700
Total Assessment
$3,130,800
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