Walgreens Absolute NNN Lease
14,733 SF | Retail Building | Austin, MN 55912 | $4,032,257 ($274/SF) | 6.20% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,032,257
- Property Type
-
Retail
- Square Feet
- 14,733 SF
- Price / Square Foot
- $274
Listing Contacts
Kase Abusharkh
Verified Profile
- Property Info
Property 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.
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 Details
- Class
- B
- Year Built
- 2004
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 54,450 SF
Highlights
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Seller will Provide 50% LTV Financing
- $3,035,754 in Reported Sales
- Hard Corner Location - 17,400+ VPD
- Adjacent to Austin Mayo Clinic Hospital - 80-Beds
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