For Sale
$4,366,197

11401 Marketplace Dr N Champlin, MN 55316

High-yield Walgreens NNN lease in Champlin, MN.

Overview

Added:
Jan 27
Days on market:
80
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, providing significant long-term financial stability. 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 benefits from proximity to Allina Health Urgent Care and a strong retail environment 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 convenient access to Minneapolis (20 miles) via Jefferson Highway. The average household income within one mile is $135,550, indicating a strong consumer base. The property includes significant tenant-funded improvements, including a new roof. This is a rare opportunity to acquire a secure, high-performing investment with a blue-chip tenant in a thriving community. The property is located at 11401 Marketplace Dr N, Champlin, MN 55316.

Highlights

  • New 15-year absolute NNN Walgreens lease with 5% rent increases every five years.
  • Champlin, MN location boasts high visibility at a signalized intersection with strong daily traffic counts.
  • Property features zero landlord obligations and a corporate guarantee from Walgreens.

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 NNN lease in 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: New 15-year absolute NNN Walgreens lease with 5% rent increases every five years.; Champlin, MN location boasts high visibility at a signalized intersection with strong daily traffic counts.; Property features zero landlord obligations and a corporate guarantee from Walgreens.
How can I contact the broker?
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11401 Marketplace Dr N
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