Walgreens

Highlights:

• 14,490 SF freestanding retail building with drive-thru
• 100% occupied investment opportunity
• Built in 2001 | Over $3M in reported sales
• Brand new 5-year lease extension at market rate rent
• Strong demographics supporting long-term retail performance
• Population within 3 miles exceeds 101,300
• Household income within 1 mile exceeds $120,000 per year
• Prime retail positioning | High-traffic setting | Excellent visibility
• Meticulously maintained asset

Description:

Introducing a prime investment opportunity in Saint Anthony, MN: 3700 Silver Lake Road Northeast. This 14,490 SF free standing building, constructed in 2001, offers a lucrative investment proposition with its 100% occupancy. Its strategic location provides easy access and visibility, making it an ideal choice for retail investors seeking a high-traffic, high-demand property. This meticulously maintained building presents a compelling investment with its strong rental income and promising potential for future growth. Don't miss out on the chance to secure a thriving retail investment opportunity at 3700 Silver Lake Road Northeast.

Saint Anthony, Minnesota, also known as Saint Anthony Village, is an established inner-ring suburb about 4 miles northeast of downtown Minneapolis. The city has a distinct small-town identity, and its 2.35 square miles are split between Hennepin County (two-thirds) and Ramsey County (one-third), with 37th Avenue as the dividing line. The 2020 census counted 9,257 residents, and the latest estimates put the population at nearly 10,000. The surrounding trade area is affluent and well educated. Median household income is approximately $97,000, the median home value is about $387,500, and 57.5% of adults age 25 and older hold a bachelor’s degree or higher. The area is also fully built out, which limits new competing development and supports long-term stability for neighborhood retail and service uses.

The property at 3700 Silver Lake Road Northeast sits on the city’s primary commercial corridor. Silver Lake Road is one of St. Anthony’s longest and most widely used streets, running the full length of the city from north to south, and it is regarded as the busiest and most notable street in the city. The site is close to Silver Lake Village, a pedestrian-friendly mixed-use development along Silver Lake Road, north of 37th Avenue NE, served by Metro Transit routes 4, 25, and 801. The area has a strong base of daily-needs and convenience tenants, including a drive-through coffee location next door at 3704 Silver Lake Road. Retail and service users here draw on the dense residential neighborhoods around them as well as steady commuter traffic. Downtown Minneapolis, the University of Minnesota campus, and the Minneapolis and Saint Paul employment centers are all a short drive away. The combination of an established, high-income demographic, limited new supply, and frontage on the city’s main thoroughfare makes the location a durable one for investors

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