This Retail Property is no longer advertised on LoopNet.co.uk.

3121 E Lake St
Minneapolis, MN 55406

Newly Built Walgreens in a Prominent Corridor · Retail Property For Sale

Investment Highlights

  • Exceptionally visible, brand-new Walgreens established on a corner lot in one of Minneapolis’ booming retail corridors 10 minutes from downtown.
  • Strong commitment to the location under an absolute net lease with a preferred five-year option structure and a full Walgreens guaranty.
  • Positioned with convenience along a major road with numerous public transportation stops adjacent to international fast-food chain McDonald’s.
  • Recently relocated from a previous store with a prime sales history, positioned over an entire city block encircled by a high-density population.
  • Located in a thriving submarket with high barriers to entry and surrounded by nationally renowned retailers Target, Aldi, Dollar Tree, and more.
  • Quick and seamless accessibility three minutes off primary thoroughfare Highway 55 and 2 miles from the I-94 and I-35W interchange.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
15,768 SF
Building Class
B
Year Built
2023
Tenancy
Single
Number of Floors
1
Building FAR
0.50
Lot Size
0.72 AC
Zoning
C2
Frontage
138 ft on East Lake Street

PROPERTY TAXES

  • Listing ID: 29383915

  • Date on Market: 28/08/2023

  • Last Updated:

  • Address: 3121 E Lake St, Minneapolis, MN 55406