750 Mankato Ave - Drug Store FOR SALE


Winona, MN 55987
$2,589,000 USD
312-279-5342
750 Mankato Ave, Winona, MN for Sale
$2,589,000 USD
Drug Store - FOR SALE
1/9
null | 8.75% Cap Rate

750 Mankato Ave
Winona, MN 55987


HIGHLIGHTS

  • 10+ Years Remaining | One-Time 14%+ Rental Increase | Corporate Signed Lease
  • Proximity To Winona Health
  • Dense Retail Trade Area | Strong National Tenant Presence
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Hard Corner Intersection | Drive-Thru Equipped Pharmacy | Excellent Visibility & Access
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru–equipped Walgreens investment property. The tenant, Walgreen Co., has 10+ years of firm lease term remaining, with ten (10) additional five-year renewal options, providing long-term income durability. The lease features a one-time 14%+ rental increase at the beginning of the first option period, offering a meaningful step-up in NOI and a hedge against inflation. The lease is corporate-signed by Walgreen Co., one of the largest pharmacy operators in the U.S. with over 8,500 locations nationwide, and is structured as absolute NNN with zero landlord responsibilities, making it an ideal management-free investment for a passive investor.

FOR SALE DETAILS

PRICE

$2,589,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

CMU

APN/PARCEL ID

32.320.4310

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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