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400 Wabasha St
Saint Paul, MN 55102
Walgreens · Retail Property For Sale
Investment Highlights
- Walgreens is on a Corporate NNN lease with 6 years, 8 months remaining.
- 5-mile population of 377,595 and average household income of $104,716.
- Top Downtown St. Paul Employers include: EcoLab, Securian Financial, The Travelers Companies, Infor, and Minnesota College & Government Entities.
- Walgreens is located on the 1st and 2nd floor of Treasure Island Center in St. Paul, MN.
- Located near I-94 where traffic counts average 141,085 vehicles per day and I-35E with traffic counts of 70,774 per day.
Executive Summary
Walgreens condo ownership. Tenant pays Cam, Tax, Insurance and Reimburses for REA.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
17,101 SF
Building Class
C
Year Built/Renovated
1963/2017
Price
$6,048,909 CAD
Price Per SF
$353.72 CAD
Cap Rate
8.50%
NOI
$514,178 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
B4 - Central Business
Parking
800 Spaces (46.78 Spaces per 1,000 SF Leased)
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