11401 Marketplace N Dr, Champlin, MN 55316-3794

This exceptional investment opportunity presents a Walgreens located at 11401 N. Marketplace Drive North, Champlin, MN 55316, in Hennepin County. The property is a retail building currently operating as a pharmacy/drug store, offered at an asking price of $3,287,475. The lease includes a percentage rent formula, and is structured as a Modified NNN lease. Tenant responsibilities under the lease include real estate taxes, building insurance, liability insurance, operating expenses, maintenance of parking areas (excluding capital expenses), and maintenance (and replacement) of HVAC, plate glass, and interior. Landlord responsibilities encompass building exterior maintenance, parking area capital expenses, and structural components of the building, including the roof. A key feature of this lease is the tenant's option to terminate the lease after the initial 20-year term, and every five years thereafter, with six months' prior written notice. The next potential termination date is March 31, 2029. This presents a strong, long-term investment opportunity with built-in flexibility. The property's location in Champlin, Minnesota, offers excellent visibility and accessibility within a thriving retail market. This is a rare chance to acquire a well-established, income-producing property anchored by a national pharmacy chain.