Investment Overview
NAI Legacy is pleased to present a diversified portfolio opportunity in the western Twin Cities submarkets of Wayzata and Plymouth, Minnesota. Totaling $46.6M in offering price ($26.6M available equity) across ± 73,707 SF and ± 8.42 acres, the 100%-occupied portfolio generates $2.6M+ in net operating income with a 7.7+ year WALT across net-leased retail, office, and medical assets. Assets include a high-performing Walgreens on Wayzata Boulevard with over $3M in annual sales; a fully leased ± 44,320 SF mixed-use property at 701 East Lake Street on Lake Minnetonka; and Plymouth Medical Center, a ± 14,238 SF facility with a 15-year master lease, anchored by Northwest Family Clinics and Bay Creek Dental, offering potential bonus depreciation.
Investment Highlights
- Premier Retail/Office DST Investment in Wayzata, MN
- NOI: $1,600,000
- 100% Occupancy
- Building Size: ± 44,320 SF
- Built in 2003
- 10 Tenants
- Flexible layout for multiple tenant configurations