Walgreens for Sale in Saint Paul, MN
Saint Paul, MN
Key Investment Metrics
Price
$2,500,000
Cap Rate
8.0%
Net Operating Income
$200,000
Building Size
15044 SF
Land Area
1.3 Acres
Remaining Term
8 years
Lease Expiration
10/31/2034
Lease Term
30.8 years
Lease Commencement
01/03/2004
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
92% in first option period
Property overview
Walgreens in Saint Paul
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 15,044 SF
- Land area
- 1.3 acres
- Year built
- 2003
- Lease type
- Absolute NNN
- Lease expiration
- 10/31/2034
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.