16395 Wagner Way - Drug Store FOR SALE


Eden Prairie, MN 55344
$5,400,000 USD
404-441-3849
16395 Wagner Way, Eden Prairie, MN for Sale
$5,400,000 USD
Drug Store - FOR SALE
1/6
null | 8.01% Cap Rate

16395 Wagner Way
Eden Prairie, MN 55344


HIGHLIGHTS

  • Originally set to expire in 2028, Walgreens exercised its first two, 5-year renewal options in 2024, extending the firm term through 2038.
  • Very strong gross sales reports in excess of $4M.
  • 3.9 MSF of retail, 2.7 MSF of office, 4.3 MSF of industrial and 6,340 multifamily units within a 3-mile radius.
  • Tenant responsible for taxes, insurance and common areas. No landlord expenses.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 14,490 square-foot Walgreens situated on 3.19 acres in Eden Prairie, MN - a component of the broader Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area (Population: 3.8M). Originally set to expire in 2028, Walgreens exercised its first two, 5-year renewal options in 2024, extending the firm term through 2038. The lease currently features ±12.9 years of firm term remaining with ten, 5-year renewal options. Opened in 2003, Walgreens boasts a long-term operating history of 22 years. Very strong gross sales reports in excess of $4M. By visits, this Eden Prairie store ranks among the top 19% of Walgreens nationwide and the top 14% throughout Minnesota, according to Placer.ai.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Eden Prairie, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.19 AC

LAND SF

138,956 SF

ZONING

C-COM

APN/PARCEL ID

08-116-22-44-0041

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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