11401 Marketplace Dr Champlin, MN 55316

This exceptional investment opportunity presents a brand-new, 15-year absolute triple-net (NNN) leased Walgreens pharmacy in Champlin, Minnesota. The 13,833 square foot building sits on a 1.68-acre lot at a signalized intersection with high visibility, experiencing combined daily traffic of 49,874 vehicles. The lease commenced November 8th, 2024, and expires November 30th, 2039, offering a substantial remaining term of 15 years. Rent increases of 5% are built into the lease every five years, providing consistent income growth. Twelve five-year renewal options further enhance the long-term stability of this investment. The property benefits from a corporate guarantee from Walgreens (NASDAQ:WBA), eliminating landlord responsibilities. Significant tenant-funded improvements, including a new roof, have been completed. The property's strategic location is complemented by its proximity to Allina Health Urgent Care and a strong retail environment including Aldi, Target, Goodwill, Starbucks, Chipotle, Cub Foods, and Culver's. The average household income within a one-mile radius is $135,550, indicating a robust consumer base. The property offers a 6.75% cap rate and a net operating income (NOI) of $310,000, making it an attractive addition to any portfolio. The asking price is $4,592,593.