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115 2nd Ave N
Sauk Rapids, MN 56379
Walgreens · Retail Property For Sale
Investment Highlights
- ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES Walgreens is responsible for taxes, insurance, repairs, maintenance, and full roof replacement etc
- STRONG PERFORMING RELOCATION STORE WITH HIGH VISITOR DATA ACCORDING TO PLACER.AI Prescription sales reporting increased 155% from 2024 to 2025
- PRIME SIGNALIZED CORNER LOCATION & STRONG VISIBILITY NEAR MULTIPLE NATIONAL TENANTS: two hard, signalized corners with three points of ingress/egress
- 10+ YEARS REMAINING ON INITIAL 25 YEAR LEASE WITH PERCENTAGE RENT fifty 1-Year option periods. Percentage rent includes 2% of gross sales
- GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL: serving millions of customers across more than 12,500 locations, generating approximately $1.47B
- STRATEGIC LOCATION NEAR DOWNTOWN SAUK RAPIDS & ST. CLOUD HOSPITAL: 489 bed medical campus serving over 690,000 people
Property Facts
Property Type
Retail
Property Subtype
Drug Store
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 | $1,666,000 |
| Land Assessment | $589,800 | Total Assessment | $2,255,800 |
Property Taxes
Parcel Number
19.04825.00
Land Assessment
$589,800
Improvements Assessment
$1,666,000
Total Assessment
$2,255,800
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