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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.

Exclusively Listed By

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • John Spina

    Director Investments

    (602) 687-6661

    Email John

    License(s): AZ: SA689673000

    Phoenix

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Drug Store

Walgreens | White Bear Lake

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.

Exclusively Listed By

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • John Spina

    Director Investments

    (602) 687-6661

    Email John

    License(s): AZ: SA689673000

    Phoenix

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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