Walgreens NNN Property For Sale — St. Paul, MN
State Route 61 (Arcade Street) & Maryland Avenue E, St. Paul, MN
This single-tenant Walgreens property is located in St. Paul, Minnesota, at the heavily trafficked, signalized intersection of State Route 61 (Arcade Street) and Maryland Avenue E. The lease is absolute triple net with over 16 years remaining, featuring no landlord responsibilities and ten 5-year renewal options. The 14,490 square foot building benefits from a strategic position in a densely populated residential area, experiencing significant traffic counts of over 30,800 vehicles per day at the intersection. The property is also within a mile of Interstate 35, providing easy access to St. Paul and connecting to Interstate 94, which links St. Paul and Minneapolis. The surrounding area boasts approximately 147,500 residents within a three-mile radius. Walgreens is the largest drug retaili…
- Address: State Route 61 (Arcade Street) & Maryland Avenue E, St. Paul, MN
- Asking price $6.65M
- 6.00% cap rate
- NOI $398,900
- 7.3 years remaining
- NNN lease
- Year built: 2008
- Building size: 14,490 SF
- Lot size: 1.18 acres
- Lease expiration: Dec 31, 2033
- Guarantor: Corporate
Location
This Walgreens property is at State Route 61 (Arcade Street) & Maryland Avenue E in St. Paul, Minnesota.
Asset type: Retail