Drug Store
Walgreens | White Bear Lake
915 Wildwood Rd, White Bear Lake, MN 55115
Listing Price: $4,457,000
Cap Rate
9.25%
Tenant Name
Walgreens
Years Remaining On Lease
5.2
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$300.74
Lease Type
Absolute Net
Rent Per Square Feet
$26.32
Investment Overview
The Asset is part of a 3-Pack portfolio with two additional Walgreens located in New York and Texas. The Assets are required to sell together as a portfolio.
Investment Highlights
- Ranked #27 of 143 in Minnesota per Placer.ai.
- White Bear Lake is a premier residential and commercial hub in the "East Metro" of the Twin Cities metropolitan area with average HH incomes of $118,000 in a 3-mile radius.
- Located at the intersection of Wildwood Road and Geneva North with 26,500 VPD.
Listing Price: $4,457,000
Cap Rate
9.25%
Tenant Name
Walgreens
Years Remaining On Lease
5.2
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$300.74
Lease Type
Absolute Net
Rent Per Square Feet
$26.32
Investment Highlights
- Ranked #27 of 143 in Minnesota per Placer.ai.
- White Bear Lake is a premier residential and commercial hub in the "East Metro" of the Twin Cities metropolitan area with average HH incomes of $118,000 in a 3-mile radius.
- Located at the intersection of Wildwood Road and Geneva North with 26,500 VPD.
Investment Overview
The Asset is part of a 3-Pack portfolio with two additional Walgreens located in New York and Texas. The Assets are required to sell together as a portfolio.