115 2nd Ave N - Drug Store FOR SALE
Sauk Rapids, MN 56379 |
$5,995,000 USD
513-325-8682
115 2nd Ave N
Sauk Rapids, MN 56379
HIGHLIGHTS
- ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES Walgreens is responsible for taxes, insurance, repairs, maintenance, and full roof replacement etc
- 10+ YEARS REMAINING ON INITIAL 25 YEAR LEASE WITH PERCENTAGE RENT fifty 1-Year option periods. Percentage rent includes 2% of gross sales
- STRONG PERFORMING RELOCATION STORE WITH HIGH VISITOR DATA ACCORDING TO PLACER.AI Prescription sales reporting increased 155% from 2024 to 2025
- GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL: serving millions of customers across more than 12,500 locations, generating approximately $1.47B
- PRIME SIGNALIZED CORNER LOCATION & STRONG VISIBILITY NEAR MULTIPLE NATIONAL TENANTS: two hard, signalized corners with three points of ingress/egress
- STRATEGIC LOCATION NEAR DOWNTOWN SAUK RAPIDS & ST. CLOUD HOSPITAL: 489 bed medical campus serving over 690,000 people
FOR SALE DETAILS
PRICE
$5,995,000 USD
PRICE/SF
$414 USD /SF
CAP RATE
10.76%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
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
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513-325-8682
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513-325-8682
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