Walgreens
$4,896,550
326 West Lincoln Avenue, Fergus Falls, MN 56537
7.25
Cap Rate
355,000
NOI
Details:
Highlights:
- Walgreens is operating on a corporate NNN lease with approx. 7 ½ years remaining. |www.walgreens.com | NYSE: WBA | S&P Rated BBB
- Prominent corner location with a drive-thru along Fergus Falls’ primary retail corridor, positioned near the city’s population center with excellent visibility and access.
- Fergus Falls serves as the county seat of Otter Tail County and is located approximately 60 miles southeast of Fargo, North Dakota and 177 miles northwest of the Twin Cities.
- The property benefits from its proximity to Lake Region Healthcare, a 108-bed regional medical center and leading healthcare provider serving west-central Minnesota and eastern North Dakota.
- Population of 16,170 and an average household income of $82,728 within a 5-mile radius.
- Excellent regional accessibility with Interstate 94 traffic counts exceeding 17,900 vehicles per day and W. Lincoln Avenue averaging 13,394 vehicles daily.
Description:
This Walgreens is located in Fergus Falls, Minnesota, a county seat of Otter Tail County. Fergus Falls is located approximately 177 miles northwest of the Twin Cities on I-94 and 60 miles southeast of Fargo, North Dakota. Traffic counts on I-94 average 17,900 vehicles per day, while W Lincoln Ave averages 13,394 vehicles per day. The population within a 5-mile radius is 16,176 and the average household income is $81,834. Other major retailers in the area include The Home Depot, Fleet Farm, Walmart, Slumberland Furniture, ALDI, Scooter’s, and more. Fergus Falls is also home to the Minnesota State Community and Technical College and enrolls approximately 6,400 students each year.
Documents:
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Walgreens_-_Fergus_Falls__MN_MP.pdf
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Location
Gallery