1420 W Oakland Ave Austin, MN 55912

This exceptional investment opportunity presents a freestanding Walgreens located at 1420 W Oakland Ave, Austin, MN 55912. The property boasts a substantial 14,733 square foot building on a strategically located corner lot at a signalized intersection experiencing over 17,400 vehicles per day. This high-traffic location benefits from excellent visibility and accessibility. The property enjoys a strong position across the street from Austin Mayo Clinic Hospital and the Westcott Sports Complex, surrounded by complementary retailers including Dairy Queen, McDonald's, Subway, Kwik Trip, and Ace Hardware. The investment is further strengthened by a corporate-guaranteed, absolute NNN lease with Walgreens (NASDAQ:WBA), extending to September 2034, with ten 5-year renewal options. This provides long-term stability and predictable cash flow. The property's location in Austin, MN, a thriving community, adds to its appeal. Austin is the county seat of Mower County, known for its strong economy and desirable lifestyle, having been recognized as a top affordable small town. This is a rare chance to acquire a high-performing, well-located Walgreens investment with significant upside potential. The property's strong tenant, prime location, and long-term lease make it an attractive addition to any investment portfolio. The seller will provide 50% LTV financing. The reported sales are $3,035,754. The property is approximately one mile from downtown Austin. This is a turnkey investment opportunity with exceptional long-term prospects.