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    4590 County Road 101 Minnetonka, MN 55345

    Sponsored
    For Sale
    $7,500,000

    High-yield Walgreens, 11 years left

    Property size:
    12,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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 Features for 4590 County Road 101

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,544 SF

    HighLights

    • $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).
    • High‑visibility hard corner location with excellent access.
    • Located near major national retailers in Minnetonka, MN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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).
    (651) 353-1266
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    4590 County Road 101 Minnetonka, MN 55345
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    Minnetonka, MN 55345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4590 County Road 101 Minnetonka, MN 55345
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