Drug Store
Walgreens | Absolute Net Relocation Store
115 2nd Ave N, Sauk Rapids, MN 56379
Listing Price: $5,995,000
Cap Rate
10.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$44.51
Investment Overview
We're pleased to present the offering for Walgreens in Sauk Rapids, Minnesota.
Walgreens | Absolute Net Relocation Store
Investment Highlights
- Absolute Net Lease - No Landlord Responsibilities: Walgreens is Responsible for Property Taxes, Insurance, Repairs, Maintenance, and Full Roof Replacement, Providing Passive, Predictable Income
- 10-Plus Years Remaining on Initial 25 Year Lease with Percentage Rent: 1-Year Option Periods. Percentage Rent Includes 2 Percent of Gross Sales and 0.5 Percent of All Food and Prescription Sales
- Strong Performing Relocation Store with High Visitor Data According to Placer.AI: Prescription Sales Reporting Increased 155 Percent From 2024 to 2025 | Ranked Above Average Nationally & Statewide
- Global Leader in Healthcare Pharmacy And Retail: Walgreens is a Leading Integrated Healthcare, Pharmacy, And Retail Operator Serving Millions of Customers Across More than 12,500 Locations, Generating Approximately $1.47 Billion in Revenue in 2024 and Projected for Year-Over-Year Revenue Growth in 2025
- Prime Signalized Corner Location & Strong Visibility Near Multiple National Tenants: Located on Two Hard, Signalized Corners with Three Points of Ingress/Egress and Traffic Counts Exceeding 32,700 Combined Vehicles Per Day. The Building Sits in a Dense Retail Corridor Along N Benton Drive and 2nd Street, Next to the Sauk Rapids Regional Bridge. Near National Tenants Such as Walmart Supercenter, Sam's Club, ALDI, Burger King, Starbucks, Chipotle, McDonald's, BP, Dollar Tree, US Bank, Scooter's Co
- Strategic Location Near Downtown Sauk Rapids & St. Cloud Hospital: The Building is Located 1.3 Miles From St. Cloud Hospital, a Major 489 Bed Medical Campus Serving Over 690,000 People in a 12 County Radius
- Proximity to St. Cloud University: Eight Minutes From St. Cloud University, a Public University with Over 8,400 Students and NCAA Division I Athletics
- Dense & Growing Demographics: Within a Five-Mile Radius, the Area is Home to More than 107,400 Residents with Average Household Incomes Exceeding $83,200. Daytime Populations Exceed 131,200. The Population has seen Steady Growth Since 2010 and is Projected to Increase By 2028. The Market Further Benefits from Low Unemployment (2.3 Percent Within One Mile)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,995,000
Cap Rate
10.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$44.51
Investment Highlights
- Absolute Net Lease - No Landlord Responsibilities: Walgreens is Responsible for Property Taxes, Insurance, Repairs, Maintenance, and Full Roof Replacement, Providing Passive, Predictable Income
- 10-Plus Years Remaining on Initial 25 Year Lease with Percentage Rent: 1-Year Option Periods. Percentage Rent Includes 2 Percent of Gross Sales and 0.5 Percent of All Food and Prescription Sales
- Strong Performing Relocation Store with High Visitor Data According to Placer.AI: Prescription Sales Reporting Increased 155 Percent From 2024 to 2025 | Ranked Above Average Nationally & Statewide
- Global Leader in Healthcare Pharmacy And Retail: Walgreens is a Leading Integrated Healthcare, Pharmacy, And Retail Operator Serving Millions of Customers Across More than 12,500 Locations, Generating Approximately $1.47 Billion in Revenue in 2024 and Projected for Year-Over-Year Revenue Growth in 2025
- Prime Signalized Corner Location & Strong Visibility Near Multiple National Tenants: Located on Two Hard, Signalized Corners with Three Points of Ingress/Egress and Traffic Counts Exceeding 32,700 Combined Vehicles Per Day. The Building Sits in a Dense Retail Corridor Along N Benton Drive and 2nd Street, Next to the Sauk Rapids Regional Bridge. Near National Tenants Such as Walmart Supercenter, Sam's Club, ALDI, Burger King, Starbucks, Chipotle, McDonald's, BP, Dollar Tree, US Bank, Scooter's Co
- Strategic Location Near Downtown Sauk Rapids & St. Cloud Hospital: The Building is Located 1.3 Miles From St. Cloud Hospital, a Major 489 Bed Medical Campus Serving Over 690,000 People in a 12 County Radius
- Proximity to St. Cloud University: Eight Minutes From St. Cloud University, a Public University with Over 8,400 Students and NCAA Division I Athletics
- Dense & Growing Demographics: Within a Five-Mile Radius, the Area is Home to More than 107,400 Residents with Average Household Incomes Exceeding $83,200. Daytime Populations Exceed 131,200. The Population has seen Steady Growth Since 2010 and is Projected to Increase By 2028. The Market Further Benefits from Low Unemployment (2.3 Percent Within One Mile)
Investment Overview
We're pleased to present the offering for Walgreens in Sauk Rapids, Minnesota.
Exclusively Listed By
Broker of Record
Financing By
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