Walgreens Drugstore with Absolute NNN
For Sale
Contact for pricing
17630 Kenwood Trail, Lakeville, MN 55044
National pharmacy at a signalized corner near Interstate 35.
Property SizeContact for details
Days on Market143
Property Features for 17630 Kenwood Trail
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
33,900 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
5.85%
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:22PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This standalone Walgreens drugstore is leased on an absolute net basis, with 9 years remaining in the primary term and ten 5-year renewal options. The lease places no landlord responsibilities on ownership, and Walgreens Corporation provides the income guarantee. The tenant carries an investment-grade BBB- credit rating from S&P.
The property occupies the southeast signalized corner of Kenwood Trail and Kenrick Avenue at 17630 Kenwood Trail in Lakeville, Minnesota. Traffic volumes are approximately ±18,700 VPD on Kenwood Trail and ±15,200 VPD on Kenrick Avenue, for a combined count of ±33,900 vehicles per day. Interstate 35 is located just blocks away, and a CVS is positioned directly across the street.
The site is within Lakeville’s main retail corridor, near Target, Marshalls, HomeGoods, Ace Hardware, Starbucks, Chipotle, Cracker Barrel, HOM Furniture, and Camping World. The surrounding 5-mile area has an average household income of $119,146 and a population of about 136,946, with over 2,000 residential units approved for future construction in the city.
The property occupies the southeast signalized corner of Kenwood Trail and Kenrick Avenue at 17630 Kenwood Trail in Lakeville, Minnesota. Traffic volumes are approximately ±18,700 VPD on Kenwood Trail and ±15,200 VPD on Kenrick Avenue, for a combined count of ±33,900 vehicles per day. Interstate 35 is located just blocks away, and a CVS is positioned directly across the street.
The site is within Lakeville’s main retail corridor, near Target, Marshalls, HomeGoods, Ace Hardware, Starbucks, Chipotle, Cracker Barrel, HOM Furniture, and Camping World. The surrounding 5-mile area has an average household income of $119,146 and a population of about 136,946, with over 2,000 residential units approved for future construction in the city.
Key Highlights
- Walgreens lease carries 9 years of primary term remaining
- Absolute NNN structure with no landlord responsibilities
- Ten (5‑year) renewal options
Property Analytics
Property Profile
Current Use
Lease Details
33,900 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
306k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Apparel 25%
Shops & Services 20%
Groceries 12%
Fleet Farm
Apparel
77,570 visits/mo
0.5 miles
Cub Foods
Groceries
36,901 visits/mo
0.2 miles
Culver's
Dining
24,417 visits/mo
0.3 miles
Starbucks
Dining
15,890 visits/mo
0.1 miles
Taco Bell
Dining
13,498 visits/mo
0.2 miles
Demographics for 55044, MN
60,446
Population
22,519
Households
2.7
Avg Household Size
37
Median Age
54%
College-Educated
97%
High-School Grad
65.3 sq mi
ZIP Area
926
Density / Sq Mi
$140,612
Median Household Income
$69,991
Median Earnings
$1,730
Median Rent
$464,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- CVS — 18275 Kenrick Ave, Lakeville, MN 55044
- Sarah Zirbel, PharmD — 18275 Kenrick Ave, Lakeville, MN 55044, United States
- Rhonda L. Dellwo, RPH — 18275 Kenrick Ave, Lakeville, MN 55044
- Chelsea L. Petrich, PharmD — 18275 Kenrick Ave, Lakeville, MN 55044
- Melissa C. Soukup, Pharm — 18275 Kenrick Ave, Lakeville, MN 55044, United States
Frequently Asked Questions
What type of property is this?
Drug store - National pharmacy at a signalized corner near Interstate 35.
Where is this drug store located?
The property is located at 17630 Kenwood Trail Lakeville, MN.
What are key features of this property?
This property features: Walgreens lease carries 9 years of primary term remaining; Absolute NNN structure with no landlord responsibilities; Ten (5‑year) renewal options
