Drug Store
Walgreens + 20 Year Billboard
4202 Pheasant Ridge Dr NE, Blaine, MN 55449
Listing Price: $4,725,000
Cap Rate
7.75%
Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.14
Investment Overview
4202 Pheasant Ridge Dr NE Blaine, MN 55449
Walgreens + 20 Year Billboard
Investment Highlights
- DUAL-INCOME, FEE-SIMPLE INVESTMENT: Two Separate Absolute-Net Income Streams With No Landlord Responsibilities
- ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES: Both Leases Are Absolute-Net; Tenant/Operator Handles All Expenses Including Roof & Structure
- WALGREENS PRIMARY TERM THROUGH 12/31/2034: Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term
- BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE: New Billboard Lease Commences At Operation And Features Contractual 10% Rent Increases Every Five Years
- ESTABLISHED RETAIL LOCATION: 14,560 SF Walgreens Constructed In 2003 On A 2.36-Acre Site With Strong Visibility And Access
- NORTH-METRO TWIN CITIES LOCATION MSA GROWTH AND CONNECTIVITY: Located In Blaine Within The Minneapolis–St. Paul–Bloomington MSA, Benefiting From Regional Population, Employment, And Infrastructure Investment
Listing Price: $4,725,000
Cap Rate
7.75%
Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.14
Investment Highlights
- DUAL-INCOME, FEE-SIMPLE INVESTMENT: Two Separate Absolute-Net Income Streams With No Landlord Responsibilities
- ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES: Both Leases Are Absolute-Net; Tenant/Operator Handles All Expenses Including Roof & Structure
- WALGREENS PRIMARY TERM THROUGH 12/31/2034: Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term
- BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE: New Billboard Lease Commences At Operation And Features Contractual 10% Rent Increases Every Five Years
- ESTABLISHED RETAIL LOCATION: 14,560 SF Walgreens Constructed In 2003 On A 2.36-Acre Site With Strong Visibility And Access
- NORTH-METRO TWIN CITIES LOCATION MSA GROWTH AND CONNECTIVITY: Located In Blaine Within The Minneapolis–St. Paul–Bloomington MSA, Benefiting From Regional Population, Employment, And Infrastructure Investment
Investment Overview
4202 Pheasant Ridge Dr NE Blaine, MN 55449
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
