16750 95th Ave N - Drug Store FOR SALE


Osseo, MN 55311
$3,874,988 USD
612-413-4200
16750 95th Ave N, Osseo, MN for Sale
$3,874,988 USD
Drug Store - FOR SALE
1/5
null | 8% Cap Rate

16750 95th Ave N
Osseo, MN 55311


HIGHLIGHTS

  • Absolute NNN Lease
  • Prime Twin Cities Suburban Location
  • Rapidly Growing Market
  • Excellent Visibility & Access in a Retail Dense Corridor
  • Drive-Thru Pharmacy
  • Strong Market Fundamentals

OVERVIEW

Absolute NNN Lease - The property is secured by an absolute NNN lease with over 5 years of remaining term. Prime Twin Cities Suburban Location - Located in affluent Maple Grove, one of the fastest-growing and most desirable suburbs in the Minneapolis MSA, with an average household income exceeding $176,000 within a 5-mile radius. Rapidly Growing Market - Maple Grove is growing at an annual rate of 0.83%, with the population increasing 5.2% since 2020. Excellent Visibility & Access - Prominent corner location featuring multiple points of ingress/egress, strong frontage along County Road 30 with 15,500+ VPD, and convenient access just off Interstate 94. Drive-Thru Pharmacy - Features a convenient drive-thru, enhancing customer accessibility and operational efficiency. Retail Dense Corridor - Adjacent to numerous national and regional retailers, restaurants, and service providers that help drive consumer traffic. Strong Market Fundamentals - The Maple Grove retail submarket has a vacancy rate of 1.8%, with little currently under construction. Demand for the submarket remains high, and rent growth outpaces the Minneapolis market and the national average.

FOR SALE DETAILS

PRICE

$3,874,988 USD

PRICE/SF

$261 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Maple Grove, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

-

APN/PARCEL ID

08-119-22-31-0005

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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