115 2nd Ave N - Drug Store FOR SALE


Sauk Rapids, MN 56379
$7,166,676 USD
612-413-4200
115 2nd Ave N, Sauk Rapids, MN for Sale
$7,166,676 USD
Drug Store - FOR SALE
1/7
null | 9% Cap Rate

115 2nd Ave N
Sauk Rapids, MN 56379


OVERVIEW

Absolute Net Lease Structure – Corporate guaranteed lease with zero landlord responsibilities, 11 years of term remaining, and strong reported sales. Prime Signalized Corner Location – Unique 4-corner location with two signalized intersections and three points of ingress/egress. The site sits across from the 57-unit Mississippi Lofts apartment complex and captures both Benton Drive and 2nd St / Avenue traffic - over 43,000 VPD combined. Strategically Located 1.3 Miles from Major Regional Hospital – St. Cloud Hospital is the largest healthcare facility in the region. Featuring state-of-the-art healthcare, 489 beds, and 6,500+ staff, including 500+ physicians, the hospital is a major traffic driver to the area, providing consistent pharmacy demand. Modern, Freestanding Walgreens – Built in 2011, this was a relocation store from a smaller footprint site nearby. Walgreens moved to this location to accommodate a drive-thru, larger parking lot, and improved traffic flow.

FOR SALE DETAILS

PRICE

$7,166,676 USD

PRICE/SF

$495 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Sauk Rapids, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

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

Trent AndersonBrisky Net LeaseMore Info
612-413-4200

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Trent AndersonBrisky Net LeaseMore Info
612-413-4200

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