Walgreens

4323 W Chicago Ave, Minneapolis, MN
Deal Type:
Net Lease
Price:
$6,878,505
Cap Rate:
5.35%
Current Rent:
$368,000
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12x5 years
Building Sq. Ft.:
14,535 sf
Rent Increases:
5% every 5 years
Site Size:
1.26 acres

Investment Highlights

  • Rare 15 Yr Lease Extension with 5% rent increases throughout the initial term + options
  • Top performing store | Over $11M in store sales
  • Planned store remodel in Q4 2020
  • Investment grade credit tenant S&P BBB, with corporate guarantee
  • Urban neighborhood store with more than 491,000 residents in a five mile radius
  • Dense corridor with more than 8% projected growth rates
  • Less than five miles to downtown Minneapolis – top 15 msa and home to Target, United Health, Cargil, and 3M headquarters

Listing Agents

Breanna Rusk

Vice President
714 722 4110
Breanna@stream-cp.com

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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