A family trust acquired the Walgreens at 2499 Hwy 7 in Excelsior, MN from Anxon, Inc. for almost $8.55 million, or about $648 per square foot.

The single-story, 14,490-square-foot, free-standing retail building was constructed in 2009 on 1.1 acres in the Eden Prairie Retail submarket of Carver County. It is fully occupied by Walgreens on a triple-net lease.

Keith Sturm of Upland Real Estate Group, Inc. represented the seller, and was the sole…

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