115 2nd Ave N | Sauk Rapids, MN 56379
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- LoopNet Team
115 2nd Ave N
Sauk Rapids, MN 56379
Walgreens St. Cloud MSA NNN 14yrs 5.65CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by Walgreens Corporation with over 8,900 locations.
- 3.79% BELOW MARKET ASSUMABLE FINANCING OR AVAILABLE FREE AND CLEAR - Can be delivered free and clear or assumable below market financing.
- PART OF THE ST. CLOUD MSA WITH OVER 200K RESIDENTS - Part of the St. Cloud MSA with 5-mile radius from the subject property of over 108,000 residents.
- NNN WITH 14 YRS REMAINING & STRONG SALES - ±14 years remaining on absolute net lease with Walgreens reporting strong sales at this location.
- ONLY WALGREENS E OF THE MISSISSIPPI IN THE REGION - Located east of before crossing into St. Cloud, nearest Walgreens E of Mississippi is 26+ mi away.
- 1 MILE FROM ST. CLOUD HOSPITAL - St. Cloud Hospital – CentraCare with 489 beds and 7,000 employees is located 1.3 miles south of the subject property.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.59 AC
Zoning
C - Commercial
Parking
35 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
297’ on 2nd Ave N
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 19.04825.00 | Improvements Assessment | $1,643,200 |
| Land Assessment | $589,800 | Total Assessment | $2,233,000 |
PROPERTY TAXES
Parcel Number
19.04825.00
Land Assessment
$589,800
Improvements Assessment
$1,643,200
Total Assessment
$2,233,000
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