Walgreens

Highlights:

• Efficient 13,650 S.F. Building w/ Drive-Thru
• 1.28 Acres Site
• Build To Suit In 2006
• Low Rent Of $275,000 Per Year
• Store Sales Exceeding $2.8MM
• Choice Corner Location
• Lighted Intersection Along U.S. Highway 53
• AADT Approaching 20,000 Vehicles Per Day
• Surrounded By National Retailers Including Target, Menards, Aldi, AutoZone, McDonald's, Dollar Tree, Hobby Lobby, Caribou And Many More.

Description:

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Located in the heart of Minnesota’s scenic Iron Range, Virginia is a dynamic regional hub with a rich industrial history and a growing commercial landscape. The area surrounding Walgreens in Virginia, MN, offers a strategic location for retail investors, benefitting from steady consumer traffic and regional draw. Positioned along the bustling US Highway 53 corridor, the location enjoys high visibility and direct access to Duluth (just over an hour south) and the Canadian border to the north, making it a key connector in northeastern Minnesota.

Virginia is home to major national retailers including Walmart Supercenter, Target, and Menards, all within close proximity, reinforcing the area’s strength as a retail destination. The nearby Thunderbird Mall continues to serve as a regional shopping center, attracting residents from across the Iron Range for both convenience and variety. Dining and daily needs are met by familiar brands such as McDonald’s, Culver’s, and Applebee’s, along with several locally owned establishments that reflect the community’s character.

Recreational and lifestyle amenities also support the area’s long-term appeal. Virginia is bordered by lakes and forests that offer year-round outdoor activities, while nearby destinations like Giant's Ridge Ski Resort and the Mesabi Trail enhance tourism and visitor traffic. With a stable population base, regional healthcare facilities like Essentia Health, and educational institutions such as Mesabi Range College, the area presents strong fundamentals for retail success. This setting offers investors a compelling mix of regional stability, commercial synergy, and long-term growth potential.