$2,500,000 USD
972-533-2144
HIGHLIGHTS
- Walgreens at this location 22+ years with a recently executed long-term extension
- ±8 years remaining on NNN lease with Ten 5-year extension options
- 92% rent increase at onset of first renewal option in October 2034
- 5-mile average household income of $114,427 with 370,331 residents
- Corporately guaranteed lease from Walgreens
- Essential retailer with consistent operations and rent payments through COVID-19
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$166 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: St. Paul, MN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
56
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
T2
APN/PARCEL ID
22-29-22-11-0154
ASK ABOUT THIS PROPERTY
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972-533-2144
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972-533-2144
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
