Walgreens for Sale in Saint Paul, MN
Saint Paul, MN
Key Investment Metrics
Price
$4,203,889
Cap Rate
9.0%
Net Operating Income
$378,350
Building Size
17101 SF
Land Area
0.4 Acres
Remaining Term
6.3 years
Lease Expiration
10/30/2032
Lease Term
15 years
Lease Commencement
10/22/2017
Lease Type
NNN
Year Built
2017
Tenancy
Single
Rent Increases
No
Property overview
Walgreens in Saint Paul
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 17,101 SF
- Land area
- 0.4 acres
- Year built
- 2017
- Lease type
- NNN
- Lease expiration
- 10/30/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.