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326 W Lincoln Ave
Fergus Falls, MN 56537
Walgreens · Retail Property For Sale

Investment Highlights

  • Walgreens operates under a corporate-guaranteed, triple-net lease with approximately 7.5 years remaining.
  • Strong regional location near Lake Region Healthcare and within proximity to Minnesota State Community and Technical College.
  • Trade area includes national retailers such as Walmart, Home Depot, ALDI, Fleet Farm, Harbor Freight Tools, and others.
  • Positioned at a high-visibility corner along Fergus Falls’ main commercial corridor with drive-thru access.
  • Close to Interstate 94, providing access to Fargo, ND, and Minneapolis-St. Paul markets; traffic counts exceed 17,900 vehicles daily.
  • Fergus Falls is the county seat of Otter Tail County and home to multiple educational institutions, reinforcing steady consumer demand.

Executive Summary

This single-tenant retail property at 326 W Lincoln Avenue in Fergus Falls, Minnesota presents a strong investment opportunity with Walgreens as the sole occupant under a corporate guaranteed NNN lease. The property offers approximately 7.5 years remaining on its lease term, expiring January 2034, with no landlord responsibilities. Walgreens is a nationally recognized pharmacy and healthcare retailer operating over 9,000 locations nationwide, ensuring creditworthy stability.
Strategically positioned on a prominent corner along West Lincoln Avenue, the site benefits from excellent visibility and accessibility. It is located near the city’s population center within Fergus Falls, a county seat and regional hub known for healthcare services, education, and commerce. The property is surrounded by major retailers like The Home Depot, Fleet Farm, Walmart, and ALDI, which drive consistent customer traffic throughout the area.
Located approximately 60 miles southeast of Fargo, North Dakota, and 177 miles northwest of the Twin Cities, Fergus Falls provides a thriving economic environment with a growing population and solid household income. The site is easily accessible via Interstate 94, which sees over 17,900 vehicles daily, while W. Lincoln Ave carries more than 13,000 vehicles per day. With strong tenancy, minimal landlord obligations, and a high-traffic location, this Walgreens asset delivers reliable income and long-term upside.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2008
Price
$4,896,550
Price Per SF
$330.40
Cap Rate
7.25%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.16 AC
Zoning
Commercial - Commercial
Parking
41 Spaces (2.77 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
71003990236000
Land Assessment
$826,900
Improvements Assessment
$992,700
Total Assessment
$1,819,600
  • Listing ID: 41056630

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 326 W Lincoln Ave, Fergus Falls, MN 56537

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