600 County Rd Blaine, MN 55434

This exceptional investment opportunity presents a 14,895-square-foot retail property currently occupied by a Walgreens in Blaine, Minnesota. Located at 600 County Road 10, 55434, this well-established pharmacy boasts a strong financial performance, reflected in its asking price of $3,079,375 ($206.74/sq ft). The building, constructed in 2000 and zoned 3A-Commercial/Industrial, comprises six units. The lease agreement includes a percentage rent formula and a Modified NNN structure. Tenant responsibilities encompass real estate taxes, building insurance, liability insurance, operating expenses, parking area maintenance (excluding capital expenses), and HVAC, plate glass, and interior maintenance and replacement. Landlord responsibilities include building exterior maintenance, parking area capital expenses, and structural components, including the roof. A key feature of the lease is the tenant's option to terminate the lease with six months' notice after the initial 20-year term, and every five years thereafter. The next potential termination date is October 31, 2025. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a desirable location within Anoka County. The property's strong tenant and favorable lease terms make it an attractive addition to any portfolio.