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Drug Store

Walgreens

18267 Carson Ct NW, Elk River, MN 55330

Listing Price: $5,608,000

Cap Rate
5.35%
Tenant Name
Walgreens
Years Remaining On Lease
13.9
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$378.41
Lease Type
Absolute Net
Rent Per Square Feet
$20.24

Investment Overview

OVER 41,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $113,376

Investment Highlights

  • ABSOLUTE NNN LEASE -NO LANDLORD RESPONSIBILITIES
  • 14 YEARS REMAIN ON A NEW 15 YEAR LEASE (14 YEAR HISTORICAL OCCUPANCY)
  • RARE 5% RENT INCREASES EVERY FIVE YEARS
  • ONLY WALGREENS IN ELK RIVER AND NO CVS
  • BUILD TO SUIT LOCATION IN 2007

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Listing Price: $5,608,000

Cap Rate
5.35%
Tenant Name
Walgreens
Years Remaining On Lease
13.9
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$378.41
Lease Type
Absolute Net
Rent Per Square Feet
$20.24

Investment Highlights

  • ABSOLUTE NNN LEASE -NO LANDLORD RESPONSIBILITIES
  • 14 YEARS REMAIN ON A NEW 15 YEAR LEASE (14 YEAR HISTORICAL OCCUPANCY)
  • RARE 5% RENT INCREASES EVERY FIVE YEARS
  • ONLY WALGREENS IN ELK RIVER AND NO CVS
  • BUILD TO SUIT LOCATION IN 2007

Investment Overview

OVER 41,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $113,376

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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