Log In/Sign Up
Your email has been sent.
16395 Wagner Way
Eden Prairie, MN 55344
Walgreens: Eden Prairie, MN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Originally set to expire in 2028, Walgreens exercised its first two, 5-year renewal options in 2024, extending the firm term through 2038.
- 3.9 MSF of retail, 2.7 MSF of office, 4.3 MSF of industrial and 6,340 multifamily units within a 3-mile radius.
- Very strong gross sales reports in excess of $4M.
- Tenant responsible for taxes, insurance and common areas. No landlord expenses.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 14,490 square-foot Walgreens situated on 3.19 acres in Eden Prairie, MN - a component of the broader Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area (Population: 3.8M). Originally set to expire in 2028, Walgreens exercised its first two, 5-year renewal options in 2024, extending the firm term through 2038. The lease currently features ±12.9 years of firm term remaining with ten, 5-year renewal options. Opened in 2003, Walgreens boasts a long-term operating history of 22 years. Very strong gross sales reports in excess of $4M. By visits, this Eden Prairie store ranks among the top 19% of Walgreens nationwide and the top 14% throughout Minnesota, according to Placer.ai.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2003
Price
$7,537,968 CAD
Price Per SF
$520.22 CAD
Cap Rate
8.01%
NOI
$603,423 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.19 AC
Zoning
C-COM
Parking
87 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
274’ on Wagner Way
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 08-116-22-44-0041 | Improvements Assessment | $1,441,985 CAD |
| Land Assessment | $3,210,616 CAD | Total Assessment | $4,652,601 CAD |
PROPERTY TAXES
Parcel Number
08-116-22-44-0041
Land Assessment
$3,210,616 CAD
Improvements Assessment
$1,441,985 CAD
Total Assessment
$4,652,601 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
