Building Details

Buildings 1

Tenancy Single

Listing Agency: Parcel Real Estate

Listed By: Sam Johnson · License #506014440 Show Phone

Source: Moodyscre

Added: Oct 27 Changed: Oct 30 Last Checked: Oct 30 at 2:12PM

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Investment Insights

Based on property information with market context.

This 6,000 SF freestanding drug store at 400 Main St in Cold Spring, Minnesota, is leased to Thrifty White Pharmacy. The lease begins May 1, 2027, and runs for 7 years, with two 5-year renewal options.

Key Highlights

• 6,000 SF freestanding drug store
• Leased to Thrifty White Pharmacy
• 7‑year lease commencing May 1, 2027

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

John P. Hanlon, ... Pharmacy Thrifty White Pharmacy Pharmacy

Suggested Use

Top Pick HVAC Service Hair Salon Electrical Service Nail Salon Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

357

Businesses Nearby

54k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 95% Dining 5%

Kwik Trip Shops & Services

31,156 visits/mo 0.4 miles

Holiday Station Store Shops & Services

11,700 visits/mo 0.2 miles

Speedway Shops & Services

5,959 visits/mo 0.2 miles

SUBWAY Dining

2,326 visits/mo 0.1 miles

O'Reilly Auto Parts Shops & Services

2,252 visits/mo 0.5 miles

Demographics for 56320, MN

7,985

Population

3,630

Households

2.2

Avg Household Size

44

Median Age

32%

College-Educated

93%

High-School Grad

51.1 sq mi

ZIP Area

156

Density / Sq Mi

$90,346

Median Household Income

$45,947

Median Earnings

$1,283

Median Rent

$312,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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Flex Space with Warehouse Capacity

12384 234th Street, Cold Spring, MN 56320

$795,000

1.70 Acres

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Mixed-Use Building with Office Space

22 3rd Avenue S, Cold Spring, MN 56320

$285,900

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Similar Off Market Nearby

• Glacial Lakes Aesthetics, Cold Spring — 308 5th Ave S suite 140, Cold Spring, MN 56320
• John P. Hanlon, PharmD — 400 Main St, Cold Spring, MN 56320
• Purpose Nutrition — 14 3rd Ave S, Cold Spring, MN 56320

Frequently Asked Questions

What type of property is this?

Drug store - Leased to Thrifty White Pharmacy under a new agreement with renewal options.

Where is this drug store located?

The property is located at 400 Main St Cold Spring, MN.

What is the asking price?

The asking price for this property is $654,000.

What are key features of this property?

This property features: 6,000 SF freestanding drug store; Leased to Thrifty White Pharmacy; 7‑year lease commencing May 1, 2027