4590 County Road 101 Minnetonka, MN 55345
- Retail properties
- 12,544 SF
Current Use by Public Records
- Retail properties
Property Details for 4590 County Road 101
- Property size
- 12,544 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minnetonka
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.5033
- Latitude
- 44.9216
