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6525 University Ave NE
Fridley, MN 55432
Walgreens | New Lease | Minneapolis MSA · Retail Property For Sale
Investment Highlights
- New 15 Year Lease was Signed in October 2022, Illustrating Walgreens Commitment to the Location
- Strong History of Occupancy with Walgreens Operating at the Site Since 1998
- Situated at the Signalized Intersection of University Avenue and Mississippi Street NE
- Absolute Net Lease with Zero Landlord Responsibilities
- Nearly 12 Years Remain on Recently Signed 15 Year Lease
- 41,671 Vehicles Pass by the Prominently Located Subject Daily
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,833 SF
Building Class
C
Year Built
1998
Price
$3,725,000
Price Per SF
$269.28
Cap Rate
7.25%
NOI
$270,063
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.68 AC
Zoning
Commercial - Commercial
Parking
60 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,643,900 | |
| Land Assessment | $1,274,500 | Total Assessment | $2,918,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,274,500
Improvements Assessment
$1,643,900
Total Assessment
$2,918,400
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