Walgreens 4220 Lexington Ave S Local commercial 1 405 m² À vendre Eagan, MN 55123 2 261 064 € (1 609,65 €/m²) Taux de capitalisation 9 %

Freestanding, single-tenant, corporately leased Walgreens, featuring a NNN lease whereby the tenant takes care of all recuring expenses including: base rent, taxes, insurance, utilities, and maintenance.
Below Market Rent / Value-Add Opportunity / Priced at Land Value - Current rent ($15.63 PSF) is 30%+ below market rates and the purchase price is near land value. See comp details, page 10.
Proven location / Recent lease renewal - Walgreens has been at this site for over 25 years (since 1999) and they’ve renewed their lease multiple times in the past at this location (Dec 2019 & Dec 2024), showing long-term commitment and a strong desire to be at this corner in Eagan, MN
Ideal 1031 investment opportunity - Corporate lease with Walgreens Co. - Excellent security and stability
Walgreens is the nations leading drugstore chain - Walgreens Boots Alliance (WBA) is a global healthcare, pharmacy, and retail company headquartered in Deerfield, Illinois. Walgreens operates over 12,000 stores across the United States, Europe, and Latin America.
Ideally situated at the signalized, hard corner intersection of Diffley Road and Lexington Avenue with over 31,720 vehicles passing by daily
Excellent demographics / Highly affluent area - Eagan, MN is one of the most affluent locations in the St. Paul / Minneapolis MSA with an average household income above $154,000 annually, which is significantly above the national average
Located near The Mall of America (Largest Mall in USA), and close to International airport and Downtown Minneapolis and St. Paul.
Top Retail Corridor / Strong Tenant Synergy - Other national/recognizable tenants at this same intersection include: Cub Foods, Anytime Fitness, Dunn Bros Coffee, Great Clips, Subway, New Horizon Academy, Holiday Gas, etc.