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16+ Year Midwest NNN

$243,800 $ 12,190,618 16.8

5.50% CAP

1110 Larpenteur Ave W,
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Overview

  • Price:
  • $243,800 $ 12,190,618 16.8
  • CAP Rate:
  • 5.50%
  • Buyer's Broker Fee:
  • $243,800
  • Years Guaranteed:
  • 16.8
  • NOI:
  • $670,484

Investment Highlights

ST PAUL, MN WALGREENS

  • Extremely Strong Store Sales
  • Strong Retail Area With ALDI, AutoZone, Cub Foods, Dollar Tree, Taco Bell, Papa Johns, Sherwin Williams, etc
  • Excellent Traffic Counts – Over 33,000 VPD at Corner
  • Tremendous Demographics – $120k+ Incomes and Over 13,000 People in One Mile Radius
  • Full Walgreens Corporate Guaranty

St. Paul is part of the Twin Cities MSA, alongside Minneapolis. Together they make up the third largest metropolitan area in the Midwest. This store is located in an affluent area of St Paul, with a strong trade area. Numerous national Tenants share the corridor, with ALDI, AutoZone, Cub Foods, Dollar Tree, Taco Bell, Papa Johns, Sherwin Williams and more, in close proximity to this store. This Walgreens features a rare combination of a long remaining firm term on the Lease (16+ years) with an Absolute Net Lease with ZERO landlord responsibilities. This investment also has a very strong reported sales history, and is an ideal 1031 exchange, with the full rents guaranteed by Walgreens Corporate.

Documents
Address: 1110 Larpenteur Ave W
City:
State/County:
Zip: 55113
Country: United States
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