Walgreens Drug Store with Absolute Net
For Sale
Contact for pricing
3121 E Lake St, Minneapolis, MN 55406
Fee-simple ownership accompanies a newly rebuilt store and a lease structure with no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 3121 E Lake St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
RX Syndicate
Listed By:
Arthur Griffith · License #CA 01876378
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 9:21PM
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 RX Syndicate
Investment Insights
Based on property information with market context.
The fee-simple Walgreens drug store at 3121 E Lake St in Minneapolis has been rebuilt from the ground up. The property is leased under an absolute net structure, with 12 years remaining in the current term and a 5-year option structure following the initial lease period. The arrangement assigns no landlord responsibilities and includes a full Walgreens guaranty supported by an investment-grade credit rating.
The parcel occupies an entire city block, providing a substantial physical presence for the operating store. The location is also described as a relocation of a prior Walgreens store nearby, linking the current facility to an established retail presence at this location.
The parcel occupies an entire city block, providing a substantial physical presence for the operating store. The location is also described as a relocation of a prior Walgreens store nearby, linking the current facility to an established retail presence at this location.
Key Highlights
- Fee‑simple Walgreens drug store at 3121 E Lake St, Minneapolis, MN 55406
- 12 years remain on the absolute net lease
- 5‑year option structure follows the initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
McDonald's
Dining
26,269 visits/mo
0.0 miles
U.S. Bank
Shops & Services
4,571 visits/mo
0.3 miles
Car-X Auto Service
Shops & Services
1,131 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
953 visits/mo
0.1 miles
Precision Tune Auto Care
Shops & Services
634 visits/mo
0.1 miles
Demographics for 55406, MN
34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value
Market
Vacancy Rate% for Retail in Minneapolis, MN
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Similar Off Market Nearby
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- CVS Pharmacy — 2500 E Lake St, Minneapolis, MN 55406
- Zachary W. Zimniewicz, PharmD — 2500 E Lake St, Minneapolis, MN 55406, United States
- Mounia Radouani, RPH — 2500 E Lake St, Minneapolis, MN 55406
Frequently Asked Questions
What type of property is this?
Drug store - Fee-simple ownership accompanies a newly rebuilt store and a lease structure with no landlord responsibilities.
Where is this drug store located?
The property is located at 3121 E Lake St Minneapolis, MN.
What are key features of this property?
This property features: Fee‑simple Walgreens drug store at 3121 E Lake St, Minneapolis, MN 55406; 12 years remain on the absolute net lease; 5‑year option structure follows the initial lease term
