1665 White Bear Ave N - Drug Store FOR SALE


Saint Paul, MN 55106
$3,490,909 USD
925-348-1844
1665 White Bear Ave N, Saint Paul, MN for Sale
$3,490,909 USD
Drug Store - FOR SALE
1/12
null | 11% Cap Rate

1665 White Bear Ave N
Saint Paul, MN 55106


HIGHLIGHTS

  • Absolute NNN Lease
  • Corporate Guarantee - NASDAQ:WBA
  • Seller will Provide 50% LTV Financing
  • $1,785,279 in Reported Sales
  • Located at Signalized Intersection - Exposure to 20,183 VPD
  • Neighboring retailers include Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, Metro by T-Mobile and more

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in St Paul, Minnesota. The lease is corporately guaranteed by Walgreens and expires in January 2029 with ten, 5- year renewal options. This Walgreens is located at the signalized intersection of Larpenteur Ave E and White Bear Ave with exposure to 20,183 vehicles per day from nearby roads. Neighboring retailers include Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, Metro by T-Mobile and more.

FOR SALE DETAILS

PRICE

$3,490,909 USD

PRICE/SF

$231 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

T2

APN/PARCEL ID

22-29-22-11-0154

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.