For Sale
$7,500,000

4590 County Road 101 Minnetonka, MN 55345

High-yield Walgreens, 11 years left

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity features a 12,544 square foot Walgreens located at 4590 County Rd 101, Minnetonka, MN 55345. The property boasts an absolute NNN lease with zero landlord responsibilities, providing a secure and passive income stream. The lease, with a remaining term of 11 years (plus fifty 1-year options), is corporately guaranteed by Walgreens Boots Alliance (NASDAQ: WBA), mitigating risk. The property's strategic location on a hard corner in Hennepin County offers excellent visibility and accessibility, further enhanced by its proximity to major retailers such as Target, Planet Fitness, Dairy Queen, and Cub Foods. The asking price is $7,500,000, representing a compelling $597.90 per square foot and an attractive 8.32% cap rate, with a current NOI of $624,000. The lease commenced September 30, 2010, and expires October 30, 2035. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term growth potential. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio.

Highlights

  • $7,500,000 asking price for a Walgreens-occupied retail property.
  • Absolute NNN lease with zero landlord responsibilities.
  • Corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA).
  • High-visibility hard corner location with excellent access.
  • Located near major national retailers in Minnetonka, MN.

Property Details for 4590 County Road 101

Property type
Retail properties, Drug stores
Square Feet
12,544 SF

Location Insight

City
Minnetonka
County
Hennepin
State
Minnesota
Latitude
44.9216098
Longitude
-93.5032626

FAQs

What type of property is this?
Retail property - High-yield Walgreens, 11 years left
Where is the retail property located?
The property is located at 4590 County Road 101 Minnetonka, MN.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a Walgreens-occupied retail property.; Absolute NNN lease with zero landlord responsibilities.; Corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA).
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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4590 County Road 101
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