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2920 White Bear Ave N
Maplewood, MN 55109
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The site ranks in the top 89% of Walgreens locations nationwide by foot traffic, and top 93% in Minnesota, according to Placer.ai.
- Located across from the Maplewood Mall, a 931K square foot regional shopping destination that attracts some 3.3 million visitors annually.
- There are 12 million square feet of retail and 80,000 households within a 5-mile radius which spend about $88 million on drugs/medical supplies yearly
- The Absolute NNN lease features an upcoming 5% rent increase in August 2027 and 5% every five years thereafter.
- Walgreens is also located less than 2 miles from Costco and Sam’s Club, as well as 3 blocks south of Interstate 694, the metro’s outer loop.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,264 SF
Building Class
C
Year Built
2007
Price
$9,134,117 CAD
Price Per SF
$640.36 CAD
Cap Rate
6.25%
NOI
$570,882 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.45 AC
Zoning
C
Parking
63 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
157’ on Beam Ave
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 02-29-22-24-0023 | Improvements Assessment | $2,471,989 CAD |
| Land Assessment | $1,737,683 CAD | Total Assessment | $4,209,672 CAD |
PROPERTY TAXES
Parcel Number
02-29-22-24-0023
Land Assessment
$1,737,683 CAD
Improvements Assessment
$2,471,989 CAD
Total Assessment
$4,209,672 CAD
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