Walgreens | 326 W Lincoln Ave
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Walgreens 326 W Lincoln Ave
14,820 SF Retail Building Fergus Falls, MN 56537 $5,461,540 ($369/SF) 6.50% Cap Rate
Investment Highlights
- Walgreens has approximately 10 years remaining on a Corporate NNN lease. |www.walgreens.com | NYSE: WBA | S&P Rated BBB-
- Corner location with Drive Thru. Located on the main throughfare of Fergus Falls by the population center.
- Within a 5-mile radius the population is 16,275 and an average household income of $80,168. Traffic counts on Interstate 94 average 17,900 vehicles
- Store Sales increasing over the last 3 years and available upon request.
- Fergus Falls, MN, is located approximately 60 miles southeast of Fargo, ND and 177 miles northwest of the Twin Cities.
- Nearby tenants include The Home Depot, Fleet Farm, ALDI, Walmart, Scooter’s, Harbor Freight Tools, and many more.
Executive Summary
This Walgreens is located in Fergus Falls, Minnesota, a county seat of Otter Tail County. Fergus Falls is located approximately 177 miles northwest of the Twin Cities on I-94 and 60 miles southeast of Fargo, North Dakota. Traffic counts on I-94 average 17,900 vehicles per day, while W Lincoln Ave averages 13,394 vehicles per day. The population within a 5-mile radius is 16,176 and the average household income is $81,834. Other major retailers in the area include The Home Depot, Fleet Farm, Walmart, Slumberland Furniture, ALDI, Scooter’s, and more. Fergus Falls is also home to the Minnesota State Community and Technical College and enrolls approximately 6,400 students each year.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
14,820 SF
Building Class
C
Year Built
2008
Price
$5,461,540
Price Per SF
$369
Cap Rate
6.50%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.16 AC
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 71003990236000 | Improvements Assessment | $961,800 |
| Land Assessment | $826,900 | Total Assessment | $1,788,700 |
PROPERTY TAXES
Parcel Number
71003990236000
Land Assessment
$826,900
Improvements Assessment
$961,800
Total Assessment
$1,788,700
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Walgreens | 326 W Lincoln Ave
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