Walgreens | Seller Will Provide 50% Ltv Financing | Absolute NNN Lease | FOR SALE

Highlights:

• Absolute NNN Lease
• Corporate Guarantee - NASDAQ:WBA
• Seller will Provide 50% LTV Financing
• $1,785,279 in Reported Sales
• Located at Signalized Intersection
• Exposure to 20,183 VPD
• Neighboring retailers include Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, Metro by T-Mobile and more

Description:

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in St Paul, Minnesota. The lease is corporately guaranteed by Walgreens and expires in January 2029 with ten, 5year renewal options. This Walgreens is located at the signalized intersection of Larpenteur Ave E and White Bear Ave with exposure to 20,183 vehicles per day from nearby roads. Neighboring retailers include Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, Metro by T-Mobile and more.

LOCATION DESCRIPTION
Saint Paul (often abbreviated St. Paul) is the capital of the U.S. state of Minnesota and the county seat of Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center of Minnesota's government. The Minnesota State Capitol and the state government offices all sit on a hill close to the city's downtown district. One of the oldest cities in Minnesota, Saint Paul has several historic neighborhoods and landmarks, such as the Summit Avenue Neighborhood, the James J. Hill House, and the Cathedral of Saint Paul. Like the adjacent city of Minneapolis, Saint Paul is known for its cold, snowy winters and humid summers.

According to census estimates, in 2021 the city's population was 307,193, making it the 67th-most populous city in the United States, the 12th-most populous in the Midwest, and the second-most populous in Minnesota. Most of the city lies east of the Mississippi River near its confluence with the Minnesota River. Minneapolis is mostly across the Mississippi River to the west. Together, they are known as the "Twin Cities" and make up the core of the Minneapolis–Saint Paul metropolitan area, the third most populous metropolitan area in the Midwest.


In conjunction with
SEAN STARK
Broker of Record
651.353.1266
sean@arrgmn.com
MN ##40622986

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