For Sale
$4,366,197

11401 Marketplace Dr N Champlin, MN 55316

High-yield Walgreens investment, Champlin, MN.

Overview

Added:
Jan 24
Days on market:
89
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.

Property Details for 11401 Marketplace Dr N

Property type
Retail properties
Square Feet
13,833 SF
Price / Square Foot
$315.64
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
73,181 SF
Units
1

Location Insight

City
Champlin
County
State
Minnesota

FAQs

What type of property is this?
Retail property - High-yield Walgreens investment, Champlin, MN.
Where is the retail property located?
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?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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11401 Marketplace Dr N
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