Walgreens Long-Term Absolute NNN Lease | 1420 W Oakland Ave
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Walgreens Long-Term Absolute NNN Lease 1420 W Oakland Ave
14,733 SF Retail Building Austin, MN 55912 $4,032,257 ($274/SF) 6.20% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Seller will Provide 50% LTV Financing
- Hard Corner Location - 17,400+ VPD
- Corporate Guarantee - NASDAQ:WBA
- $3,035,754 in Reported Sales
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,733 SF
Building Class
B
Year Built
2004
Price
$4,032,257
Price Per SF
$274
Cap Rate
6.20%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
1.25 AC
Amenities
- Corner Lot
PROPERTY TAXES
| Parcel Number | 34-065-0050 | Improvements Assessment | $1,230,700 |
| Land Assessment | $201,600 | Total Assessment | $1,432,300 |
PROPERTY TAXES
Parcel Number
34-065-0050
Land Assessment
$201,600
Improvements Assessment
$1,230,700
Total Assessment
$1,432,300
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Kase Abusharkh -
The Kase Group
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Walgreens Long-Term Absolute NNN Lease | 1420 W Oakland Ave
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