14020 Pilot Knob Rd - Drug Store FOR SALE


Apple Valley, MN 55124
$3,000,000 USD
949-270-8206
14020 Pilot Knob Rd, Apple Valley, MN for Sale
$3,000,000 USD
Drug Store - FOR SALE
1/9
null | 9.63% Cap Rate

14020 Pilot Knob Rd
Apple Valley, MN 55124


HIGHLIGHTS

  • 7 Years Remaining | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Direct Across Multiple Schools
  • Signalized, Hard Corner Intersection | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Minneapolis MSA

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Walgreens investment property located in Apple Valley, Minnesota (Minneapolis MSA). The tenant, Walgreens, Co. has 7 years remaining on their initial lease term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is guaranteed by the corporate entity and is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

9.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 6 YR Abs NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

RB

APN/PARCEL ID

01-22528-01-020

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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