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Walgreens 4590 County Road 101 rd 125,441 SF 100% Leased Retail Building Minnetonka, MN 55345 $6,933,333 ($55.27/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Corporate Guarantee
- 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
125,441 SF
Year Built
2002
Price
$6,933,333
Price Per SF
$55.27
Cap Rate
9%
NOI
$624,000
Percent Leased
100%
Building Height
1 Story
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
1 of 6
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Walgreens | 4590 County Road 101 rd
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