Walgreens

Highlights:

• Absolute Net Lease | Requires Zero Landlord Responsibilities
• 13,650 Square Foot Building Equipped with Drive-Thru Situated on 1.36 Acres
• Corporate Guarantee | Walgreens Co. (S&P: "BBB")
• Walgreens Dominates the Minneapolis Market and Has Minimal Competition From CVS Along With Zero Rite Aids in Minneapolis
• High Density Location – Over 283,876 People within a 5 Mile Radius
• MedExpress Location – Tenant Selected Some of Their Top Stores to Include MedExpress Urgent Care Within the Store
• Dense Market Area With Strong Daytime Employment of Over 154,398 Employees Within a 5-Mile Radius
• Main Artery From Northern Minneapolis Into Downtown
• Affluent Community: Average Household Income within 1 Mile Radius: $71,451
• Central Ave NE & 49th Ave NE Provide Combined Traffic Counts: 31,596 VPD+/-
• National Tenants Surrounding Property:: ALDI, Jimmy John’s, Savers, Subway, Planet Fitness, Taco Bell, Sonic, Chipotle and More

Description:

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Hilltop is a suburb of Minneapolis located in Anoka County, Minnesota. The city is part of the Minneapolis–Saint Paul metropolitan area. Anoka County is the fourth-most-populous county in the state of Minnesota. As of the 2020 census, the population was 363,887. Anoka County comprises the north portion of the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area, the largest metropolitan area in the state and the sixteenth-largest in the United States with about 3.64 million residents. Minnesota State Highway 65 (Central Avenue) serves as a main route, running on the town's eastern edge.

Minneapolis is the largest city in Minnesota and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota.

As of 2020, the Minneapolis–St. Paul area is the second-largest economic center in the American Midwest behind Chicago. As of mid-2022, Minneapolis area employment is primarily in trade, transportation, utilities, education, health services, professional and business services. Smaller numbers are employed in manufacturing, leisure and hospitality; mining, logging, and construction. The Twin Cities metropolitan area has the seventh-highest concentration of major corporate headquarters in the US as of 2021, and in 2020, four Fortune 500 corporations were headquartered within the city limits of Minneapolis. American companies with US offices in Minneapolis include Accenture, Bellisio Foods, Canadian Pacific, Coloplast, RBC and Voya Financial. The National Institute for Pharmaceutical Technology & Education has Minneapolis headquarters.

As of 2020, the Minneapolis metropolitan area contributes $273 billion or 74% to the gross state product of Minnesota. Measured by gross metropolitan product per resident ($62,054), as of 2015, Minneapolis is the fifteenth richest city in the US. In 2011, the area's $199.6 billion gross metropolitan product and its per capita personal income ranked 13th in the US.

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