915 Wildwood Rd - Drug Store FOR SALE


White Bear Lake, MN 55115- Washington Far Eastern Suburbs
$4,334,000 USD
866-934-8284
915 Wildwood Rd, White Bear Lake, MN for Sale
$4,334,000 USD
Drug Store - FOR SALE
1/10
null | 9% Cap Rate

915 Wildwood Rd
White Bear Lake, MN 55115
Washington Far Eastern Suburbs


OVERVIEW

his Walgreens is well positioned in the vibrant retail corridor of White Bear Lake, Minnesota. This 14,820-square-foot, single-tenant property, constructed in 2006, operates under an absolute triple-net (NNN) lease with approximately 6.5 years remaining until Walgreens first option, offering investors a stable, long-term income stream with zero landlord responsibilities . Strategically located near the signalized intersection of Wildwood Road and Geneva Avenue North, the site benefits from a combined traffic count of 26,500 vehicles per day and proximity to Interstate 694, which sees over 80,000 vehicles daily . The surrounding area boasts strong demographics, with a population of approximately 119,000 and an average household income exceeding $106,000 within a five-mile radius . Notable neighboring tenants include CVS, ALDI, Dollar Tree, and Caribou Coffee, enhancing the property’s retail synergy. Additionally, the presence of Century College, with over 16,000 students, and White Bear High School, with 2,500 students, further drives consistent foot traffic to the location.

FOR SALE DETAILS

PRICE

$4,334,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

9%

% 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

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C

APN/PARCEL ID

30-030-21-33-0072

ASK ABOUT THIS PROPERTY

John GiordaniDrugstore Property AdvisorsMore Info
866-934-8284

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John GiordaniDrugstore Property AdvisorsMore Info
866-934-8284

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