4590 County Road 101, Minnetonka, MN 55345
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.