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.