Walgreens NNN Retail
For Sale
Contact for pricing
14020 Pilot Knob Rd, Apple Valley, MN 55124
Freestanding pharmacy at a signalized hard corner with corporate lease backing and no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 14020 Pilot Knob Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
42,800 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 7:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Walgreens property conveys fee-simple ownership of the land and building and is leased under an absolute NNN structure. Walgreens has 7 years remaining in the initial term, followed by 10 additional 5-year extension options. The corporate lease guarantee carries an S&P rating of BBB-, while the absolute NNN arrangement assigns no landlord responsibilities.
The property is positioned at the signalized intersection of Pilot Knob Rd. and 140th St W in Apple Valley, Minnesota, with combined traffic of 42,800 VPD. The surrounding retail corridor includes Kohl’s, Home Depot, Sam’s Club, Ulta, Anytime Fitness, and Michaels. Highland Elementary School and Scott Highlands Middle School are directly across the street, serving 713 and 1,188 students, respectively.
Within 5 miles, the trade area includes more than 196,000 residents and 46,000 employees. Average household income in that radius is $135,894.
The property is positioned at the signalized intersection of Pilot Knob Rd. and 140th St W in Apple Valley, Minnesota, with combined traffic of 42,800 VPD. The surrounding retail corridor includes Kohl’s, Home Depot, Sam’s Club, Ulta, Anytime Fitness, and Michaels. Highland Elementary School and Scott Highlands Middle School are directly across the street, serving 713 and 1,188 students, respectively.
Within 5 miles, the trade area includes more than 196,000 residents and 46,000 employees. Average household income in that radius is $135,894.
Key Highlights
- Walgreens lease has 7 years remaining in the initial term
- 10 additional 5‑year extension options
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
42,800 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Speedway
Shops & Services
5,161 visits/mo
0.1 miles
SUBWAY
Dining
2,668 visits/mo
0.2 miles
Domino's Pizza
Dining
1,104 visits/mo
0.2 miles
Demographics for 55124, MN
56,353
Population
21,894
Households
2.6
Avg Household Size
39
Median Age
46%
College-Educated
96%
High-School Grad
16.9 sq mi
ZIP Area
3,334
Density / Sq Mi
$99,354
Median Household Income
$54,786
Median Earnings
$1,676
Median Rent
$354,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding pharmacy at a signalized hard corner with corporate lease backing and no landlord responsibilities.
Where is this nnn property located?
The property is located at 14020 Pilot Knob Rd Apple Valley, MN.
What are key features of this property?
This property features: Walgreens lease has 7 years remaining in the initial term; 10 additional 5‑year extension options; Absolute NNN lease with zero landlord responsibilities
