115 2nd Ave N - Drug Store FOR SALE


Sauk Rapids, MN 56379
$8,320,000 USD
312-448-7458
115 2nd Ave N, Sauk Rapids, MN for Sale
$8,320,000 USD
Drug Store - FOR SALE
1/5
null | 7.75% Cap Rate

115 2nd Ave N
Sauk Rapids, MN 56379


HIGHLIGHTS

  • Strong sales performance: Historical sales data highlights this Walgreens as a high-performing location, generating consistent revenue
  • Relocation from former nearby store: Walgreens reaffirmed its commitment to this market by relocating from its former store to this newly constructed
  • Absolute NNN lease - zero landlord responsibilities: The property is under an Absolute Triple Net (NNN) lease, meaning Walgreens covers all expenses
  • Freestanding building at high-traffic corner: Strategically positioned at a bustling signalized intersection, this property sees over 35,000 vehicles
  • Region's largest healthcare facility: As the closest pharmacy to St. Cloud hospital, a 1.6m sf, 500-bed medical hub

OVERVIEW

This high-performing Walgreens is strategically positioned near St Cloud Hospital, the region's largest medical hub with 490 beds and 1.6M sf of facilities. This prime location drives consistent prescription demand and ensures a built-in customer base of patients, staff, and visitors. Since relocating to this newly built store in 2011, Walgreens has maintained strong, reliable sales and kept the property in excellent condition. With over 11 years remaining on the initial 25-year lease and extension options through 2086, investors benefit from a long-term, stable cash flow with $7.4 million in obligated rent remaining. Situated on a high-traffic commercial corridor with exceptional visibility, this absolute NNN lease property offers zero landlord responsibilities - making it a truly effortless, passive income investment. In Cooperation With ParaSell, Inc. , A Licensed Minnesota Broker - Lic. #40685007 BoR: Scott Reid - Lic. MN #40685007

FOR SALE DETAILS

PRICE

$8,320,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Sauk Rapids, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C

APN/PARCEL ID

19.04825.00

ASK ABOUT THIS PROPERTY

Kevin BlahaSands Investment GroupMore Info
312-448-7458

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Kevin BlahaSands Investment GroupMore Info
312-448-7458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.