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Walgreens 5474 Mountain Iron Dr 13,650 SF Retail Building Virginia, MN 55792 $3,250,000 ($238.10/SF) 8.46% Cap Rate
Investment Highlights
- Efficient 13,650 S.F. Building w/ Drive-Thru
- Low Rent Of $275,000 Per Year
- AADT Approaching 20,000 Vehicles Per Day
- Build To Suit In 2006 | 1.28 Acres Site
- Store Sales Exceeding $2.8MM
- Surrounded By National Retailers Including Target, Menards, Aldi, AutoZone, McDonald's, Dollar Tree, Hobby Lobby, Caribou And Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2006
Price
$3,250,000
Price Per SF
$238.10
Cap Rate
8.46%
NOI
$274,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.28 AC
Parking
68 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
253’ on Mountain Iron Dr
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 175007101223 | Improvements Assessment | $1,318,200 |
| Land Assessment | $587,100 | Total Assessment | $1,905,300 |
Property Taxes
Parcel Number
175007101223
Land Assessment
$587,100
Improvements Assessment
$1,318,200
Total Assessment
$1,905,300
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Walgreens | 5474 Mountain Iron Dr
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