4590 County Road 101 Minnetonka, MN 55345
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High-yield Walgreens, 11 years left
Property size:
12,544 SFProperty Features for 4590 County Road 101
General Information
- Property type
- Individual retail properties
- Square Feet
- 12,544 SF
Listing Agent: Sean Stark
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity features a 12,544 square foot Walgreens located at 4590 County Rd 101, Minnetonka, MN 55345. The property boasts an absolute NNN lease with zero landlord responsibilities, providing a secure and passive income stream. The lease, with a remaining term of 11 years (plus fifty 1-year options), is corporately guaranteed by Walgreens Boots Alliance (NASDAQ: WBA), mitigating risk. The property's strategic location on a hard corner in Hennepin County offers excellent visibility and accessibility, further enhanced by its proximity to major retailers such as Target, Planet Fitness, Dairy Queen, and Cub Foods. The asking price is $7,500,000, representing a compelling $597.90 per square foot and an attractive 8.32% cap rate, with a current NOI of $624,000. The lease commenced September 30, 2010, and expires October 30, 2035. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term growth potential. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Location Insight
- Map
- Local Demand
- City
- Minnetonka
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.5032626
- Latitude
- 44.9216098
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FAQs
What type of property is this?
Individual retail property - High-yield Walgreens, 11 years left
Where is this individual retail property located?
The property is located at 4590 County Road 101 Minnetonka, MN.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a Walgreens-occupied retail property.; Absolute NNN lease with zero landlord responsibilities.; Corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA).