11401 N Marketplace Dr - Drug Store FOR SALE


Champlin, MN 55316- Dayton/Champlin
$4,366,197 USD
510-388-4438
11401 N Marketplace Dr, Champlin, MN for Sale
$4,366,197 USD
Drug Store - FOR SALE
1/6
null | 7.1% Cap Rate

11401 N Marketplace Dr
Champlin, MN 55316
Dayton/Champlin


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Zero Landlord Obligations
  • 1-Mile Average Household Income $135,550
  • Significant Tenant Funded Improvements Including A New Roof
  • Corporate Guarantee - NASDAQ:WBA
  • Close Proximity to Allina Health Urgent Care

OVERVIEW

The Kase Group is excited to present a prime investment opportunity with a well-established Walgreens location in Champlin, Minnesota. This property features a new 15-year absolute NNN lease with zero landlord obligations, backed by a corporate guarantee from Walgreens. Key highlights of the lease include 5% rent increases every five years and twelve 5-year renewal options. The building is strategically located at a signalized intersection, providing excellent visibility and exposure to over 49,874 vehicles daily combined. The site is within close proximity to Allina Health Urgent Care and is surrounded by popular tenants such as Aldi, Target, Goodwill, Starbucks, Chipotle, Cub Foods, Culver's and more.

FOR SALE DETAILS

PRICE

$4,366,197 USD

PRICE/SF

$316 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 15 Yr Absolute NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

-

APN/PARCEL ID

31-120-21-13-0094

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.