1460 Montreal St
Hutchinson, MN 55350
Thrifty White Drug Store · Retail Property For Sale

Stan Johnson Company (“SJC") is pleased to offer the opportunity to acquire a Thrifty White Drug Store located in Hutchinson, MN. The Property was constructed in 2019 and offers a brand new 15-year corporate lease with 10% rent increases in year 11 and each of the three, 5-year renewal options. Tenant handles all maintenance which includes roof, parking lot, HVAC, CAM, and they even pay the tax bill directly. Landlord is only responsible for structure and exterior walls. Investors can take advantage of a handsfree lease while reaping the tax benefits of fee simple ownership via depreciation. Thrifty White is a regional drug store chain with (+/-) 96 locations across 5 states in the Midwest. They also have an additional 80 (+/-) affiliated stores nationally through partnerships with various pharmacists in smaller markets. The lease is direct with the parent entity which reports financials annually, offering full financial transparency. Thrifty White has been in business over 135 years and has sustained various competitors, recessions, and technological advancements, while continuing to weather the storm and evolve through any hurdle the economy has seen. The company has been ranked “Pharmacy Innovator of the Year,” “#1 in Medication Therapy Management,” and “Most Innovative” by various ranking systems.