Walgreens Drug
4916 France Avenue S, Edina, MN 55424
For Sale
Contact for pricing
The Edina property offers 11,200 square feet of retail space associated with a national pharmacy tenant.
Property Size11,200 SF
Price / SF$401.79
Days on Market12
Property Features for 4916 France Avenue S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Listing Agency:
Knapp Properties, L.C.
(505) 202-5035
Listed By:
Korey Birkenholtz · License #S59334000
(515) 480-6596
Source:
Moodyscre
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 8 at 5:26AM
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 Knapp Properties, L.C.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 4916 France Avenue S in Edina, this 11,200-square-foot drug store is identified with Walgreens. The property is presented as an investment with a national retail tenant.
Key Highlights
- 11,200‑square‑foot drug store
- Identified with Walgreens, a national tenant
- Located at 4916 France Avenue S in Edina
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,372
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,827,440
$2.8M
Cap Rate 7%
$2,019,600
$2.0M
Cap Rate 9%
$1,570,800
$1.6M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$201.6K $18.00/SF
− Vacancy
−$13.1K −$1.17/SF
EGI
$188.5K $16.83/SF
− OpEx
−$47.1K −$4.21/SF
NOI
$141.4K $12.62/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,827,440
Cap Rate 7%
$2,019,600
Cap Rate 9%
$1,570,800
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,372 @ 7.0% cap · market cap 3.14%
Second Best
Retail
$1.77M
$1.55M – $2.07M
NOI $123,975 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,046 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
70k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Apparel 27%
Shops & Services 25%
Beauty & Spa 2%
Lunds & Byerlys
Groceries
30,707 visits/mo
0.1 miles
Holiday Station Store
Shops & Services
10,811 visits/mo
0.2 miles
Paper Source
Shops & Services
4,959 visits/mo
0.1 miles
lululemon athletica
Apparel
4,621 visits/mo
0.0 miles
Evereve
Apparel
3,995 visits/mo
0.0 miles
Demographics for 55424, MN
10,175
Population
3,845
Households
2.6
Avg Household Size
41
Median Age
85%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
4,240
Density / Sq Mi
$241,875
Median Household Income
$101,694
Median Earnings
$1,786
Median Rent
$959,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Walgreens Pharmacy — 4916 France Ave S, Edina, MN 55410
- Gena Strasia — 3945 W 50th St, Edina, MN 554241203, United States
- Ann Flatgard — 4916 France Ave S, Edina, MN 554101758
- Juniper Skincare Edina — 3926 W 50th St, Edina, MN 55424, United States
- Ryan M. Fremming, PharmD — 4916 France Ave S, Edina, MN 55424, United States
Frequently Asked Questions
What type of property is this?
Drug store - The Edina property offers 11,200 square feet of retail space associated with a national pharmacy tenant.
Where is this drug store located?
The property is located at 4916 France Avenue S Edina, MN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 11,200‑square‑foot drug store; Identified with Walgreens, a national tenant; Located at 4916 France Avenue S in Edina
