Walgreens | Absolute NNN Lease

4950 County Road 101, Minnetonka, MN

$7,800,000

Price

8%

Cap Rate

$624,000

NOI

Gallery
Street
Map
Overview
Cap Rate
8%
NOI
$624,000
Building Size
12,544 sqft
Lease Type
Absolute Net
Description

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Minnetonka, Minnesota. The lease calls for zero landlord obligations with 12 years remaining and is corporately guaranteed by Walgreens. This Walgreens includes a drive through and is situated on a hard corner with excellent ingress and egress points. The asset is well situated near Target, Planet Fitness, Dairy Queen, Cub Grocery Store and many others.

Location Description. Minnetonka is a city in Hennepin County, Minnesota, United States. A western suburb of the Twin Cities, Minnetonka is located about 10 miles west of downtown Minneapolis. At the 2020 census, the city's population was 53,781.

Highlights
  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • S&P Rated BBB- Investment Grade Credit
  • Hard Corner Location with Excellent Ingress & Egress Points
  • Situated Near Major Retailers
Documents
Title
Walgreens_-_Minnetonka__MN_-_OM.pdf
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Location
Gallery