1665 White Bear Avenue Saint Paul, MN 55106
Opportunity to purchase a well established Walgreens location in St Paul, MN
Property size:
15,085 SF- Added:
- Jan 27, 2025
- Days on Market:
- 434
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1665 White Bear Avenue
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
- Size
- 15,085 SF
- Elevators
- N/A
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing agent Kase (925) 348-1844
Listing office (925) 348-1844
Listing date Jan 27, 2025
Overview
Walgreens Investment Opportunity in St. Paul
This investment opportunity features a well-established Walgreens location in Saint Paul, Minnesota. The property includes a 15,085 square foot building situated at a signalized intersection of Larpenteur Ave E and White Bear Ave, benefiting from high visibility and exposure to 20,183 vehicles per day. The property is subject to a corporate-guaranteed Walgreens lease, expiring January 2029, with ten 5-year renewal options. This is an absolute NNN lease, minimizing landlord responsibilities. The location boasts strong neighboring retailers, including Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, and Metro by T-Mobile, contributing to a vibrant commercial environment. Saint Paul, the capital of Minnesota, is a regional business hub and part of the Twin Cities metropolitan area, offering a strong demographic base. This investment presents a compelling opportunity for long-term income generation and appreciation in a prime location. The property is classified as an Investment NNN property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.0469
- Latitude
- 44.9596
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - Opportunity to purchase a well established Walgreens location in St Paul, MN
Where is this other retail property located?
The property is located at 1665 White Bear Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $3,490,909.
What are key features of this property?
This property features: Absolute NNN Lease; Corporate Guarantee - NASDAQ:WBA; Seller will Provide 50% LTV Financing
