Walgreens Portfolio Sale

Retail: Freestanding

4202 Pheasant Ridge Dr NE, BlaineMN 55449

Property Details

Location

Address
4202 Pheasant Ridge Dr NE, BlaineMN 55449
County
Anoka
Submarket
MN - Northeast
Cross Street
4880 Central Ave NE

Building Size

Building Size
28,054 SF

Building Details

Type
 Retail: Freestanding
Number of Buildings
2
Occupancy Type
Single Tenant
Number of Tenants
1
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
1
Year Built
2003
Sprinklers
Primary Const.
Brick
Parking Ratio
Air Conditioned
Yes

Land & Utilities

Land (Acres)
3.74 Acres
Land (SF)
162,914 SF
Electricity
Yes
Sanitary Sewer
Yes
Water
Yes
Zoning
PBD & Commercial
Lot Depth
Lot Width

Contacts

Current Listings

NNN Leased Walgreens Portfolio for Sale

28,210 SF$12,725,000
Cap Rate: 5.8%
Parcel Real Estate

Parcel Real Estate is pleased to offer (2) Walgreens NNN leased properties in Minnesota. Both properties are on great intersections seeing 30,000+ Vehicles per day. Both properties were developed in 2002 and have been operating since 2003. Each lease is structured for a total of 75 years from commencement date with option periods every 5 years after the initial 25 years.

• NNN Lease Structure

• 30,000+ Vehicles Per Day

• Average Household Income $75,000+

• Densely populated markets

Can be purchased separately or together.

Parcel Real Estate

Parcel Real Estate is pleased to offer (2) Walgreens NNN leased properties in Minnesota. Both properties are on great intersections seeing 30,000+ Vehicles per day. Both properties were developed in 2002 and have been operating since 2003. Each lease is structured for a total of 75 years from commencement date with option periods every 5 years after the initial 25 years.

• NNN Lease Structure

• 30,000+ Vehicles Per Day

• Average Household Income $75,000+

• Densely populated markets

Can be purchased separately or together.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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