Walgreens | Sauk Rapids, MN
This high-performing Walgreens is strategically positioned near St Cloud Hospital, the region’s largest medical hub with 490 beds and 1.6M sf of facilities. This prime location drives consistent prescription demand and ensures a built-in customer base of patients, staff, and visitors. Since relocating to this newly built store in 2011, Walgreens has maintained strong, reliable sales and kept the property in excellent condition. With over 11 years remaining on the initial 25-year lease and extension options through 2086, investors benefit from a long-term, stable cash flow with $7.4 million in obligated rent remaining. Situated on a high-traffic commercial corridor with exceptional visibility, this absolute NNN lease property offers zero landlord responsibilities – making it a truly effortless, passive income investment.
- Strong sales performance: Historical sales data highlights this Walgreens as a high-performing location, generating consistent revenue and strong prescription demand; with a well-established customer base and stable foot traffic, this store continues to perform well within the market, reinforcing its long-term viability as a secure investment
- Relocation from former nearby store: Walgreens reaffirmed its commitment to this market by relocating from its former store to this newly constructed, larger facility in 2011 to meet growing demand. Signing a 25-year lease, with over 11 years remaining, Walgreens’ long-term investment in this location highlights its strong performance and enduring stability
- Absolute NNN lease – zero landlord responsibilities: The property is under an Absolute Triple Net (NNN) lease, meaning Walgreens covers all expenses, ensuring a hands-off, passive investment
- Freestanding building at high-traffic corner: Strategically positioned at a bustling signalized intersection, this property sees over 35,000 vehicles per day from Benton Dr and 2nd Ave, plus an additional 25,000 VPD from US Highway 10, ensuring exceptional traffic exposure and accessibility; The expansive 1.5+ acre lot offers flexibility for potential expansion or future redevelopment opportunities
- Region’s largest healthcare facility: As the closest pharmacy to St. Cloud hospital, a 1.6m sf, 500-bed medical hub, this Walgreens benefits from constant prescription demand; the hospital’s 2019 renovation and expanding services further cement its role as the go-to pharmacy for patients, staff, and visitors; this prime location ensures long-term investment stability
In Cooperation With ParaSell, Inc., A Licensed Minnesota Broker – Lic. #40685007 BoR: Scott Reid – Lic. MN #40685007
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