3121 E Lake St | Minneapolis, MN 55406
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- LoopNet Team
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
Property Size
15,768 sq ft
Costar Property Class
B
Year Built
2023
Tenancy
Single
Number of Floors
1
Plot ratio
0.50
Total Plot Size
0.72 ac
Use Class
C2
Frontage
PROPERTY TAXES
| Parcel Number | 06-028-23-22-0164 | Improvements Assessment | £2,261,913 |
| Land Assessment | £419,403 | Total Assessment | £2,681,316 |
PROPERTY TAXES
Parcel Number
06-028-23-22-0164
Land Assessment
£419,403
Improvements Assessment
£2,261,913
Total Assessment
£2,681,316
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