This exceptional investment opportunity features a brand-new 15-year absolute NNN lease with Walgreens, a Fortune 500 company, guaranteeing zero landlord obligations. The lease includes a 5% rent increase every five years and twelve 5-year renewal options, ensuring long-term, stable income. The 13,833 square foot building sits on a 1.68-acre lot at a signalized intersection in Champlin, Minnesota, enjoying high visibility with over 49,874 vehicles passing daily. This prime location is near Allina Health Urgent Care and surrounded by strong national and local retailers, including Aldi, Target, Goodwill, Starbucks, Chipotle, Cub Foods, and Culver's. Champlin offers a desirable suburban lifestyle, boasting a highly-rated school district, robust park system, and easy access to Minneapolis (20 miles). The average household income within one mile is $135,550, indicating a strong consumer base. Significant tenant-funded improvements, including a new roof, further enhance the property's value. This is a rare opportunity to acquire a secure, high-performing investment property in a thriving community. The property is located at 11401 Marketplace Dr N, Champlin, MN 55316.
Highlights
Prime Champlin, MN Walgreens location with a new 15-year NNN lease.
Zero landlord obligations & 5% rent increases every five years.
Excellent visibility at a signalized intersection, near major retailers and Allina Health.
The property is located at 11401 Marketplace Dr N Champlin, MN.
What is the asking price?
The asking price for this property is $4,366,197.
What are key features of this property?
This property features: Prime Champlin, MN Walgreens location with a new 15-year NNN lease.; Zero landlord obligations & 5% rent increases every five years.; Excellent visibility at a signalized intersection, near major retailers and Allina Health.
How can I contact the broker?
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11401 Marketplace Dr N Champlin, MN 55316
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
11401 Marketplace Dr N
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