Walgreens
$5,461,540
326 West Lincoln Avenue, Fergus Falls, MN 56537
6.5
Cap Rate
355,000
NOI
Details:
Highlights:
- Walgreens has 9 1/2 years remaining on a Corporate NNN lease. |www.walgreens.com | NYSE: WBA | S&P Rated BBB-
- Store Sales increasing over the last 3 years and available upon request.
- Corner location with Drive Thru. Located on the main throughfare of Fergus Falls by the population center.
- Fergus Falls, MN, is located approximately 60 miles southeast of Fargo, ND and 177 miles northwest of the Twin Cities.
- Within a 5-mile radius the population is 16,324 and an average household income of $77,651. Traffic counts on Interstate 94 average 17,900 vehicles per day, while W Lincoln Ave averages 13,394 vehicles per day.
- Nearby tenants include The Home Depot, Fleet Farm, ALDI, Walmart, Scooter’s, Harbor Freight Tools, and many more.
- Located in a county seat, Fergus Falls is home to the Minnesota State Community and Technical College and enrolls nearly 6,400 students each year.
- Walgreens is one of the nation’s largest drugstore chains and neighborhood retailers. Walgreens operates nearly 9,000 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
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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