1420 W Oakland Ave - Drug Store FOR SALE


Austin, MN 55912
$3,703,703 USD
925-348-1844
1420 W Oakland Ave, Austin, MN for Sale
$3,703,703 USD
Drug Store - FOR SALE
1/1
null | 6.75% Cap Rate

1420 W Oakland Ave
Austin, MN 55912


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • Seller will Provide 50% LTV Financing
  • $3,035,754 in Reported Sales
  • Hard Corner Location - 17,400+ VPD

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a Walgreens location in Austin, Minnesota. The lease is corporately guaranteed by Walgreens and expires in September 2034 with ten, 5-year renewal options. This site is located at the signalized intersection of Oakland Ave W and 14th St W with exposure to 17,400+ vehicles per day from combined roads. The asset is across the street from Austin Mayo Clinic Hospital and the Westcott Sports Complex. The site borders various retailers including Dairy Queen, McDonald's, Subway, Kwik Trip, Ace Hardware and more.

FOR SALE DETAILS

PRICE

$3,703,703 USD

PRICE/SF

$251 USD /SF

CAP RATE

6.75%

% 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

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

34-065-0050

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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