Investment Opportunity | Walgreens Wayzata DST

Highlights:

• Walgreens Net Lease Investment
• Corporate Guarantee
• Top Performing Store in Minnesota
• Delaware Statutory Trust
• NOI: $615,300
• Years Remaining: 8+

Description:

This Delaware Statutory Trust offering features a 15,149 SF freestanding retail property located at 1055 Wayzata Blvd in Wayzata, Minnesota. 100% occupied by Walgreens, the asset sits on a high-visibility signalized corner near Lake Minnetonka, approximately 12 miles west of Minneapolis. The property is being offered as an all-equity DST investment with a total offering price of $11,103,450, generating a Net Operating Income (NOI) of $615,300.

The West Metro and Lake Minnetonka submarkets stand out as premier corridors within the Twin Cities metro, supported by robust regional wealth, strong daytime employment bases, and resilient underlying fundamentals. Both Wayzata and Plymouth offer distinct profiles that consistently attract long-term residents, corporate offices, and high-value industries across retail, office, and essential services.

Wayzata functions as an affluent economic hub for Hennepin County, backed by exceptionally strong household earnings—where median household income stands at $131,614 and married family median income reaches $240,852—and a highly educated population where over 72% hold a bachelor's degree or higher. The commercial core around Wayzata Boulevard benefits from significant economic density, generating over $1.026 billion in annual business sales volume. With a daytime population swell to 7,222 within a one-mile radius of Wayzata Boulevard plus an employee-to-resident ratio of 147 workers per 100 residents, the area maintains constant foot traffic that supports luxury retail, financial services, corporate offices, and long-term retail operations.

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