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Walgreens Absolute NNN Lease 4950 County Road 101 12,544 SF Retail Building Minnetonka, MN 55345 $9,524,459 CAD ($759.28 CAD/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 9+ 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
Property Subtype
Drug Store
Building Size
12,544 SF
Building Class
B
Year Built/Renovated
2002/2011
Price
$9,524,459 CAD
Price Per SF
$759.28 CAD
Cap Rate
9%
NOI
$857,201 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.63 AC
Zoning
PUD - Planned Urban Development
Parking
40 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
129’ on County Road 101
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-117-22-14-0008 | Improvements Assessment | $2,682,551 CAD |
| Land Assessment | $1,670,473 CAD | Total Assessment | $4,353,024 CAD |
Property Taxes
Parcel Number
30-117-22-14-0008
Land Assessment
$1,670,473 CAD
Improvements Assessment
$2,682,551 CAD
Total Assessment
$4,353,024 CAD
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Walgreens Absolute NNN Lease | 4950 County Road 101
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