Walgreens NNN Retail
For Sale
Contact for pricing
Pending
2024 85th Ave N, Brooklyn Park, MN 55444
Freestanding drugstore with a drive-thru pharmacy and corporate lease extending 15 years initially.
Property SizeContact for details
Days on Market141
Property Features for 2024 85th Ave N
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Pharma Property Group
(312) 279-5345
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Apr 12 at 9:37AM
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 freestanding Walgreens property includes a drive-thru pharmacy and is leased on an absolute NNN basis to Walgreen Co., with zero landlord responsibilities. The corporate lease carries a new 15-year fixed initial term and includes 10 five-year extension options. The tenant has an S&P BBB rating.
The property occupies the signalized intersection of 85th Avenue N and State Highway 252 in Brooklyn Park, within the Minneapolis MSA. The intersection records 74,600 vehicles per day. Festival Foods is adjacent, while Walmart Supercenter, The Home Depot, Target, Sam’s Club, Menards, Aldi, and LA Fitness are among the nearby national and credit tenants.
Residential support includes The Fairways with 198 units, Riverview with 254 units, and Villa Del Coronado with 192 units. The five-mile trade area includes more than 250,000 residents and 109,000 daytime employees, while the one-mile area has an average household income of $109,000.
The property occupies the signalized intersection of 85th Avenue N and State Highway 252 in Brooklyn Park, within the Minneapolis MSA. The intersection records 74,600 vehicles per day. Festival Foods is adjacent, while Walmart Supercenter, The Home Depot, Target, Sam’s Club, Menards, Aldi, and LA Fitness are among the nearby national and credit tenants.
Residential support includes The Fairways with 198 units, Riverview with 254 units, and Villa Del Coronado with 192 units. The five-mile trade area includes more than 250,000 residents and 109,000 daytime employees, while the one-mile area has an average household income of $109,000.
Key Highlights
- Absolute NNN lease to Walgreen Co. with zero landlord responsibilities
- New 15‑year fixed initial lease term plus 10 five‑year extension options
- S&P BBB‑rated corporate tenant
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Holiday Station Store
Shops & Services
26,987 visits/mo
0.2 miles
McDonald's
Dining
26,297 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,139 visits/mo
0.1 miles
Burger King
Dining
8,278 visits/mo
0.2 miles
Taco Bell
Dining
6,787 visits/mo
0.3 miles
Demographics for 55444, MN
17,214
Population
5,440
Households
3.2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,742
Density / Sq Mi
$114,545
Median Household Income
$51,238
Median Earnings
$1,444
Median Rent
$306,900
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 drugstore with a drive-thru pharmacy and corporate lease extending 15 years initially.
Where is this nnn property located?
The property is located at 2024 85th Ave N Brooklyn Park, MN.
What are key features of this property?
This property features: Absolute NNN lease to Walgreen Co. with zero landlord responsibilities; New 15‑year fixed initial lease term plus 10 five‑year extension options; S&P BBB‑rated corporate tenant
