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Walgreens Absolute NNN Lease Drugstore Minnesota

Walgreens | Hilltop, MN
Make an Offer
Investment Offering

Tenant: Walgreens | Hilltop, MN
Premises: 13,650 SF
Renewal Options: 10 x 5 Years

Lease Expiration: 12/31/2027
Lease Type: Absolute NNN
Rental Increases: Flat


We Are Pleased to Offer the Walgreens Absolute NNN Lease Investment Opportunity Located at 4880 Central Avenue NE in Hilltop, Minnesota.

  • Investment-Grade Tenant, Absolute Triple Net (NNN) Lease Opportunity With Zero Landlord Responsibilities
  • Industry-Leading Tenant (NYSE: WAG)
  • Strong Corporate Guarantee in Place With Long Term Operating History at Location – Long Term Security and Stability For the Investor
  • Walgreens Dominates the Minneapolis Market and Has Minimal Competition From CVS Along With Zero Rite Aids in Minneapolis
  • Dense Urban Infill Location – Over 285,484 Residents With an Average Household Income of $81,205 Within a 5-Mile Radius of the Property
  • Dominant Retail Destination in North Minneapolis MSA
  • MedExpress Location – WAG Selected Some of Their Top Stores to Include MedExpress Urgent Care Within the Store as Part of a New Concept
  • Dense Market Area With Strong Daytime Employment of Over 163,500 Employees Within a 5-Mile Radius
  • Main Artery From Northern Minneapolis Into Downtown
  • Neighboring Tenants Include: ALDI, Jimmy John’s, Savers, Subway, Planet Fitness, Taco Bell, Sonic, Chipotle and More

Jennifer D. Stein – JDS Real Estate Services, Inc.
MN Lic. # 40407966 & CA Lic. #01507135

213.446.5366 | jstein@jdsreservices.com

View Similar Investment Opportunities

Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

Tenant Overview

Walgreens Boots Alliance (NASDAQ: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company’s heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25 countries and employ more than 415,000 people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with its equity method investments, has more than 18,500 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics. Walgreens Boots Alliance is proud to be a force for good, leveraging many decades of experience and its international scale, to care for people and the planet through numerous social responsibility and sustainability initiatives that have an impact on the health and wellbeing of millions of people. Walgreens Boots Alliance is included in Fortune magazine’s 2019 list of the World’s Most Admired Companies and ranked first in the food and drugstore category. This is the 26th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., has been named to the list.

Area Overview

Walgreens | Hilltop, MN

4880 Central Ave NE - Hilltop, MN 55421

Contact Broker for Details

Status: Sold

Walgreens | Hilltop, MN

Amar Goli

704.275.3787
amar@SIGnnn.com

Jennifer D. Stein

213.446.5366
jstein@jdsreservices.com

Make an Offer
$8 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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