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    115 2Nd Ave N Sauk Rapids, MN 56379

    For Sale
    $6,789,474

    Modern Walgreens with drive-thru, long-term lease, and strong sales.

    Property size:
    14,490 SF
    Lot size:
    1.60 Acres

    Property Features for 115 2Nd Ave N

    General Information

    Size
    14,490 SF
    Lot size
    1.60 Acres

    Source: Brisky Net Lease Agent Brian Brisky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Walgreens on Signalized Corner

    This freestanding Walgreens property, constructed in 2011, features a corporate-guaranteed absolute net lease structure with approximately 11 years of term remaining. The property benefits from a prime signalized corner location at a unique four-corner intersection, offering three points of ingress/egress. The site is positioned across from the 57-unit Mississippi Lofts apartment complex, capturing traffic from both Benton Drive and 2nd St / Avenue, with a combined traffic volume exceeding 43,000 vehicles per day. The relocation store was built to accommodate a drive-thru, a larger parking lot, and improved traffic flow. Strategically located 1.3 miles from St. Cloud Hospital, a major regional healthcare facility with 489 beds and over 6,500 staff, including more than 500 physicians, ensuring consistent pharmacy demand. The property size is 14,490 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy FedEx OnSite Mailing Service Walgreens Drug Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Guardian Pharmacy of Minnesota, CentraCare - Northway Pharmacy, Apria Healthcare, Option Care Health, Coborn's Pharmacy Sauk Rapids

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Rapids
    County
    Benton
    State
    Minnesota
    Longitude
    -94.1820225
    Latitude
    45.5986446

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    FAQs

    What type of property is this?
    Drug store - Modern Walgreens with drive-thru, long-term lease, and strong sales.
    Where is this drug store located?
    The property is located at 115 2Nd Ave N Sauk Rapids, MN.
    What is the asking price?
    The asking price for this property is $6,789,474.
    What are key features of this property?
    This property features: - Absolute Net Lease with Corporate Guarantee offers a passive income stream.; - Secure investment with 11 years of lease term remaining.; - Prime Signalized Corner Location with high traffic volume (43,000 VPD).
    (715) 529-4441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 2Nd Ave N Sauk Rapids, MN 56379
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