Walgreens Absolute NNN Lease | 1665 White Bear Ave N
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Walgreens Absolute NNN Lease 1665 White Bear Ave N
15,085 SF Retail Building Saint Paul, MN 55106 $3,490,909 ($231/SF) 11% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Seller will Provide 50% LTV Financing
- Located at Signalized Intersection - Exposure to 20,183 VPD
- Corporate Guarantee - NASDAQ:WBA
- $1,785,279 in Reported Sales
- Neighboring retailers include Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, Metro by T-Mobile and more
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,085 SF
Building Class
C
Year Built
2003
Price
$3,490,909
Price Per SF
$231
Cap Rate
11%
NOI
$384,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
1.30 AC
Zoning
T2 - Traditional neighborhood district.
Parking
70 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 22-29-22-11-0154 | Improvements Assessment | $2,407,900 |
| Land Assessment | $679,500 | Total Assessment | $3,087,400 |
PROPERTY TAXES
Parcel Number
22-29-22-11-0154
Land Assessment
$679,500
Improvements Assessment
$2,407,900
Total Assessment
$3,087,400
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Kase Abusharkh -
The Kase Group
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Walgreens Absolute NNN Lease | 1665 White Bear Ave N
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