NAI Legacy completed the $7.8 million acquisition of the Walgreens property at 1055 Wayzata Blvd. E in Wayzata, Minnesota, a substantial discount to the last time it sold in 2017 for $11.7 million.
The 15,149-square-foot building, constructed in 2015, sits on a 1.38-acre lot at a signalized intersection. This property is one of Walgreens top performer stores and operates under an absolute NNN lease that expires in 2035.
The site benefits from high visibility, strong traffic counts, and a loyal customer base in an affluent community. The area continues to attract investment, including a Lamborghini dealership set to open immediately to the south of the Walgreens along Wayzata Boulevard.
