Minneapolis (Burnsville), Minnesota – We have information from a Minneapolis area town, called Burnsville. A newly constructed Net Leased Property sold, with Walgreen’s as the Tenant. Walgreens occupies a 14,490-square foot, single tenant freestanding building,. The Net-Leased Property operates under a Walgreen’s corporate backed, 25 year “NNN” Triple Net Lease with fifty, one-year options.
This net-lease investment sold for almost $9 million. A Canadian Commercial Real Estate investment firm purchased this net lease property. These Absolute NNN Lease “Triple Net-Lease Properties” allow some peace of mind with commercial real estate investing, considering you have No Landlord Responsibilities.
The Net-leased Walgreens is located between Interstate 35W and Burnhaven Drive along County Road 42 West. It is on an outparcel to a Target anchored center. The net-lease site benefits from being situated across from Burnsville Center, which is a one million plus square foot regional mall with over 150 retailers. Other Notable retail tenants in the area include, Target, Home Depot, Kmart, JCPenney, Macy’s, Sears, Dick’s Sporting Goods and plenty more. This area of Minnesota has a trade area population of over 817,000 residents.
Net Lease Properties & Commercial Loans
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