326 W Lincoln Ave - Drug Store FOR SALE


Fergus Falls, MN 56537
$4,896,550 USD
612-332-6600
326 W Lincoln Ave, Fergus Falls, MN for Sale
$4,896,550 USD
Drug Store - FOR SALE
1/2
null | 7.25% Cap Rate

326 W Lincoln Ave
Fergus Falls, MN 56537


HIGHLIGHTS

  • Walgreens operates under a corporate-guaranteed, triple-net lease with approximately 7.5 years remaining.
  • Positioned at a high-visibility corner along Fergus Falls’ main commercial corridor with drive-thru access.
  • Strong regional location near Lake Region Healthcare and within proximity to Minnesota State Community and Technical College.
  • Close to Interstate 94, providing access to Fargo, ND, and Minneapolis-St. Paul markets; traffic counts exceed 17,900 vehicles daily.
  • Trade area includes national retailers such as Walmart, Home Depot, ALDI, Fleet Farm, Harbor Freight Tools, and others.
  • Fergus Falls is the county seat of Otter Tail County and home to multiple educational institutions, reinforcing steady consumer demand.

OVERVIEW

This single-tenant retail property at 326 W Lincoln Avenue in Fergus Falls, Minnesota presents a strong investment opportunity with Walgreens as the sole occupant under a corporate guaranteed NNN lease. The property offers approximately 7.5 years remaining on its lease term, expiring January 2034, with no landlord responsibilities. Walgreens is a nationally recognized pharmacy and healthcare retailer operating over 9,000 locations nationwide, ensuring creditworthy stability. Strategically positioned on a prominent corner along West Lincoln Avenue, the site benefits from excellent visibility and accessibility. It is located near the city’s population center within Fergus Falls, a county seat and regional hub known for healthcare services, education, and commerce. The property is surrounded by major retailers like The Home Depot, Fleet Farm, Walmart, and ALDI, which drive consistent customer traffic throughout the area. Located approximately 60 miles southeast of Fargo, North Dakota, and 177 miles northwest of the Twin Cities, Fergus Falls provides a thriving economic environment with a growing population and solid household income. The site is easily accessible via Interstate 94, which sees over 17,900 vehicles daily, while W. Lincoln Ave carries more than 13,000 vehicles per day. With strong tenancy, minimal landlord obligations, and a high-traffic location, this Walgreens asset delivers reliable income and long-term upside.

FOR SALE DETAILS

PRICE

$4,896,550 USD

PRICE/SF

$330 USD /SF

CAP RATE

7.25%

% 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

2008

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

Commercial

APN/PARCEL ID

71003990236000

ASK ABOUT THIS PROPERTY

Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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