Walgreens NNN Property For Sale — Saint Paul, MN
398 Wabasha Street North, Saint Paul, MN 55101
This Walgreens property offers investors a secure income stream from a nationally recognized tenant. Located in the vibrant downtown area of Saint Paul, MN, the property benefits from high visibility and traffic counts. The asset is a condominium unit within the Treasure Island Center, a prominent mixed-use development that also houses significant attractions and businesses, including the MN Wild Hockey Team practice rink, PWHL, TRIA Orthopedic, St. Paul Port Authority, Pillbox Tavern, and St. Paul Event Center. The surrounding area boasts a dense population and strong household incomes, making it an attractive location for retail. The property's strategic position near major interstates (I-94 and I-35E) ensures excellent accessibility. Additionally, its proximity to major downtown employ…
- Address: 398 Wabasha Street North, Saint Paul, MN 55101
- Asking price $4.45M
- 8.50% cap rate
- NOI $378,335
- 6.67 years remaining
- NNN lease
- Year built: 2017
- Building size: 17,101 SF
- Lot size: 0.40 acres
- Guarantor: Corporate
Location
This Walgreens property is at 398 Wabasha Street North in Saint Paul, Minnesota.
Asset type: Retail