Walgreens

For Sale

11401 Marketplace Dr N, Champlin, MN 55316

This Champlin property for sale is located at 11401 Marketplace Dr N. The current listed sale price for Walgreens is $4,592,593. Walgreens is situated on a lot that is 1.68 acre in size.

Contacts

broker

Jeff Bracco

The Kase Group

Property Details

  • Property Type Retail - Street Retail
  • Property Size 13,833 SF
  • Lot Size 1.68 Acre
  • Additional Rent Contact for pricing
  • Year Built 1998
  • Date Updated Nov 15, 2024
Hugging the twists and turns of the Mississippi River, Champlin offers a tranquil suburban lifestyle with a highly-ranked school district and a robust park system nearby. Only 20 miles northwest of Minneapolis, the area is popular with professionals attracted by an easy commute downtown and families looking for outdoor amenities and solid schools. Aside from the notable school district and commuter convenience, Champlin offers a strong sense of community upheld through local shops like Lilac Boutique, family-owned businesses like Elm Creek Brewing and annual events like the Summer Stage Series. And with immediate access to Jefferson Highway, commuting to the Twin Cities is only a 25-minute drive from this riverfront suburbia.The Kase Group is excited to present a prime investment opportunity with a well-established Walgreens location in Champlin, Minnesota. This property features a new 15-year absolute NNN lease with zero landlord obligations, backed by a corporate guarantee from Walgreens. Key highlights of the lease include 5% rent increases every five years and twelve 5-year renewal options. The building is strategically located at a signalized intersection, providing excellent visibility and exposure to over 49,874 vehicles daily combined. The site is within close proximity to Allina Health Urgent Care and is surrounded by popular tenants such as Aldi, Target, Goodwill, Starbucks, Chipotle, Cub Foods, Culver's and more.

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Highlights

  • Brand New 15 Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Zero Landlord Obligations
  • 1-Mile Average Household Income $135,550
  • Significant Tenant Funded Improvements Including A New Roof
  • Corporate Guarantee - NASDAQ:WBA
  • Well Located at Signalized Intersection (39,496 VPD along Jefferson St & 10,378 VPD at 114th Ave N)
  • Close Proximity to Allina Health Urgent Care
  • Surrounding tenants include Aldi, Target, Goodwill, Starbucks, Chipotle, Cub Foods, Culver's and more

Getting around

  • 60/100

    Walk Score ®

  • 71/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Champlin, MN
  • Neighborhood Champlin
  • Zip Code 55316
  • Market Minneapolis St Paul

Points of Interest

  • Fridley

    8.08 miles

  • Mobil

    0.12 miles

  • Speedway

    2.02 miles

  • Anoka Gas Stop

    2.06 miles

  • Holiday

    2.45 miles

  • Bill's Superette

    2.56 miles

  • Hy-Vee Gas

    2.89 miles

  • West River Rd & 117th Ave

    1.68 miles

  • Richardson Park

    2.14 miles

  • Zachary Square Park & Ride

    2.68 miles

  • Anoka Municipal Ramp

    2.73 miles

  • Coon Rapids-Riverdale Station

    2.90 miles

  • Riverdale

    2.91 miles

  • Hwy 610 and Noble Park and Ride

    3.39 miles

  • Hwy 610 & Noble Park and Ride

    3.43 miles

  • Horse Camp Trail Access Archery Range

    3.54 miles

  • 7th Avenue & Garfield

    3.72 miles

  • Leeann Chin

    0.09 miles

  • Enjoy China

    0.10 miles

  • Chipotle

    0.11 miles

  • Chanticlear Pizza

    0.11 miles

  • Pizza Hut

    0.13 miles

  • Jimmy John's

    0.14 miles

  • Culver's

    0.14 miles

  • DQ Grill & Chill

    0.14 miles

  • Broadway Pizza

    0.19 miles

  • Buffalo Wild Wings

    0.31 miles

  • Cub Foods

    0.08 miles

  • ALDI

    0.37 miles

  • Target

    0.89 miles

  • Harvest African Market

    2.28 miles

  • 12 Bridge Square

    2.59 miles

  • Hy-Vee

    2.76 miles

  • Dean's Supermarket

    2.83 miles

  • Walmart

    3.56 miles

  • Walmart Supercenter

    4.11 miles

  • Red Barn

    4.61 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jeff Bracco

The Kase Group