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Walgreens 400 Wabasha St 241,580 SF Retail Building Saint Paul, MN 55102 $4,203,889 ($17.40/SF) 9% Cap Rate
Investment Highlights
- Walgreens is on a Corporate NNN lease with 6 years, 5 months remaining.
- Dense 5-mile population of 379,904 and high average household income of $106,095.
- Walgreens is located in downtown St. Paul near Grand Casino Arena (Home to MN Wild Hockey).
- Walgreens is a condo located on the first and second floor of Treasure Island Center in St. Paul, MN.
- Located near I-94 where traffic counts average 141,085 vehicles per day and I-35E with traffic counts of 70,774 per day.
Executive Summary
Walgreens condo ownership. Tenant pays Cam, Tax, Insurance and Reimburses for REA.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
241,580 SF
Building Class
C
Year Built/Renovated
1963/2017
Price
$4,203,889
Price Per SF
$17.40
Cap Rate
9%
NOI
$378,350
Tenancy
Single
Building Height
4 Stories
Building FAR
2.46
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
B4 - Central Business
Parking
800 Spaces (46.78 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The available retail space offers an open, customer-focused layout with prominent storefront exposure and flexibility for a variety of retail, service, medical, or specialty commercial users. The configuration supports efficient merchandising, customer circulation, and branding opportunities within a highly visible downtown setting.
| Space | Size | Space Use | Position | Available |
| 380 | 7,800 SF | Retail | - | Now |
380
| Size |
| 7,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
380
| Size | 7,800 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The available retail space offers an open, customer-focused layout with prominent storefront exposure and flexibility for a variety of retail, service, medical, or specialty commercial users. The configuration supports efficient merchandising, customer circulation, and branding opportunities within a highly visible downtown setting.
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-28-22-12-0296 | Improvements Assessment | $4,354,600 |
| Land Assessment | $1,405,800 | Total Assessment | $5,760,400 |
Property Taxes
Parcel Number
06-28-22-12-0296
Land Assessment
$1,405,800
Improvements Assessment
$4,354,600
Total Assessment
$5,760,400
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
