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Walgreens

115 2nd Ave N, Sauk Rapids, MN 56379

$6,789,474

Cap Rate 9.50%

DOM: 18 Updated: 09.30.25 Posted: 09.30.25 Status: Active     09.30.25

Summary

Price $6,789,474
Built/Renov 2011
Tenant Walgreens
Cap Rate 9.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 10-01-2011
#Units 12,500
Price/SF $468.56
Expiration 09-30-2036
Tenant Type Pharmacy
NOI $645,000
R. Term 10.11
Ownership Fee Simple
Rent/SF $44.51
Increases 0.0%/1/yrs
Pop 5Mi 110,604
Lot/AC 1.59
Options 50/1yrs
AHHI 5Mi $86,576

Trent Anderson
Brisky Net Lease
Contact

Highlights

  • Absolute Net Lease with 11 Years Remaining
  • Unique 4-corner location with two signalized intersections and three points of ingress/egress. 
  • 1.3 Miles from Largest Regional Hospital
  • $3.15M Reported Sales

Location Description

Sauk Rapids is located in Benton County along the east bank of the Mississippi River, directly across from St. Cloud and just over an hour northwest of the Minneapolis–St. Paul metro. The city is strategically positioned along U.S. Highway 10 and State Highway 15, with quick access to Interstate 94. Part of the St. Cloud Metropolitan Statistical Area, Sauk Rapids benefits from the region’s...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Relocation store

  • Hospital close

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Top performing store

  • Corporate Guarantee

    • ...

Links

Walgreens Wikipedia Walgreens Wikipedia Sauk Rapids, MN Zip Code 56379 Broker Site Page

Documents

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Listing Broker

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