For Sale

Investment Opportunity | 701 Wayzata DST

701 Lake St E,
Wayzata, MN 55391
Represented by
NAI Gateway Commercial & NAI Legacy

Asset Snapshot

Neighborhood Center
Office Subtype
2003
Year Built
3
Floor Count
1
Building Count
0.48 Acres
Land Area
100%
Occupancy

Offering Summary

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

How it Works

Need Help?

Your brokers are your first point of contact for any listing or process questions. For additional support:

Listing Syndicated From

Buildout
Accepting Offers
$28,429,293
Asking Price

Investment Sales Broker

Amelia Larson
NAI Gateway Commercial & NAI Legacy

Market Insights