WG Wayzata DST
Overview
Walgreens Wayzata DST features a single-tenant, corporate-guaranteed Walgreens property located in Wayzata, Minnesota, an affluent lakeside community west of Minneapolis. The asset occupies a highly visible, signalized corner lot near Lake Minnetonka, surrounded by dense
residential and retail demand drivers. The absolute NNN lease provides passive ownership with minimal landlord responsibilities and over ten years of remaining term. The tenant’s long operating history and strong sales performance support the stability of this essential retail location.
Terms
|
Total Offering |
$11,103,450
|
|
Equity |
$11,103,450 |
|
Debt |
$0 |
|
LTV |
0.00% |
|
Address |
1055 Wayzata Blvd
|
|
Market |
Wayzata, MN |
|
Year Built |
2015 |
|
SQFT |
15,149 SF |
|
Tenant |
Walgreen Co.
|
|
Lease Commencement |
4/1/2015 |
|
Lease Expiration |
3/31/2090 |
|
Renewal Options |
11, 5-Year |
Location
Wayzata, Minnesota is an upscale lakeside community located about twelve miles west of downtown Minneapolis, known for its scenic setting on Lake Minnetonka and strong local economy. The Walgreens property is positioned on a highly visible, signalized corner along Wayzata Boulevard, benefiting from significant daily traffic and accessibility. The surrounding area features affluent demographics, high household incomes, and a vibrant mix of residential, retail, and professional activity that supports consistent consumer demand.