Single-Tenant Walgreens on 1.73
For Sale
Contact for pricing
14700 Lac Lavon Dr, Burnsville, MN
Freestanding retail property on a high-traffic retail corridor.
Property Size15,225 SF
Lot Size1.73 Acres
Price / SF$177.34
Days on Market302
Property Features for 14700 Lac Lavon Dr
General Information
Standard status
Active
Size
15,225 SF
Lot size
1.73 Acres
Property subtype
RETAIL
Listing Agency:
Transwestern
(612) 428-1864
Listed By:
Jaime Dritz · License #40758117
Source:
Moodyscre
Added: Oct 14, 2025
Changed: Aug 9
Last Checked: Aug 11 at 2:40PM
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 Transwestern
Investment Insights
Based on property information with market context.
This single-tenant Walgreens is strategically positioned on a prominent retail corridor, offering exceptional visibility along County Rd 42, situated between I-25E/I-35W and Cedar Ave. The property occupies a 1.73-acre lot and features a 15,225 square foot building. Constructed in 1991, the building was expanded in 2005. The location benefits from strong traffic counts and proximity to key residential and commercial areas, presenting a stable investment opportunity within a high-demand retail zone.
Key Highlights
- High‑visibility location on County Rd 42, a prominent retail corridor.
- Single‑tenant Walgreens property.
- Located between I‑35W/I‑25E and Cedar Ave.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$197,522
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,950,440
$4.0M
Cap Rate 7%
$2,821,743
$2.8M
Cap Rate 9%
$2,194,689
$2.2M
Market Conditions
NOI Build-Up for 15,225 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$274.1K $18.00/SF
− Vacancy
−$10.7K −$0.70/SF
EGI
$263.4K $17.30/SF
− OpEx
−$65.8K −$4.32/SF
NOI
$197.5K $12.97/SF
Area
Dakota County, MN
Vacancy
3.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,950,440
Cap Rate 7%
$2,821,743
Cap Rate 9%
$2,194,689
Alternative Uses
Best Use
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,522 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$2.29M
$2.01M – $2.68M
NOI $160,566 @ 7.0% cap · market cap 5.95%
Theoretical Best
Healthcare Medical
$3.75M
$3.28M – $4.37M
NOI $262,266 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 37%
Apparel 24%
Speedway
Shops & Services
13,843 visits/mo
0.1 miles
Caribou Coffee
Dining
7,158 visits/mo
0.1 miles
Davanni's Pizza and Hot Hoagies
Dining
6,996 visits/mo
0.1 miles
Plato's Closet
Apparel
6,435 visits/mo
0.1 miles
Once Upon A Child
Apparel
2,920 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Laura R. Hansen, PharmD — 14700 Lac Lavon Dr, Burnsville, MN 55306, United States
- Kerstin Hartzler, Pharm — 14700 Lac Lavon Dr, Burnsville, MN 55306
- Walgreens Pharmacy — 14700 Lac Lavon Dr, Burnsville, MN 55306
- COVID-19 Drive-Thru Testing at Walgreens — 14700 Lac Lavon Dr, Burnsville, MN 55306
- Robin Sutton — 14700 Lac Lavon Dr, Burnsville, MN 553066398
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail property on a high-traffic retail corridor.
Where is this drug store located?
The property is located at 14700 Lac Lavon Dr Burnsville, MN.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: High‑visibility location on County Rd 42, a prominent retail corridor.; Single‑tenant Walgreens property.; Located between I‑35W/I‑25E and Cedar Ave.
