7200 Cedar Lake Rd S | Saint Louis Park, MN 55426
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7200 Cedar Lake Rd S
Saint Louis Park, MN 55426
NNN STRONG SALES WALGREENS WITH 6% CAP Rate · Retail Property For Sale
Investment Highlights
- NNN property leased to Walgreens and Pizzeria Lucca.
- Long term Walgreens lease with approximately 13 years before first termination option (5/31/34).
- Prime suburb of Minneapolis with excellent demographics and dense infill location with limited vacancy in area.
- Walgreen occupies 91.6% of property and responsible for majority of the expenses.
- Very strong store sales.
- Located in close proximity to major national retailers Home Depot, FedEx, and Costco.
Property Facts
Property Type
Retail
Property Subtype
Building Size
17,803 SF
Building Class
B
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.40 AC
Zoning
C - General Commercial
Parking
64 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 08-117-21-24-0065 | Improvements Assessment | $3,205,000 |
| Land Assessment | $1,229,000 | Total Assessment | $4,434,000 |
Property Taxes
Parcel Number
08-117-21-24-0065
Land Assessment
$1,229,000
Improvements Assessment
$3,205,000
Total Assessment
$4,434,000
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