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Walgreens 400 Wabasha St 17,101 SF Retail Building Saint Paul, MN 55102 $5,921,135 CAD ($346.24 CAD/SF) 9% Cap Rate
Investment Highlights
- Walgreens is on a Corporate NNN lease with 6 years, 5 months remaining.
- Dense 5-mile population of 379,904 and high average household income of $106,095.
- Walgreens is located in downtown St. Paul near Grand Casino Arena (Home to MN Wild Hockey).
- Walgreens is a condo located on the first and second 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
$5,921,135 CAD
Price Per SF
$346.24 CAD
Cap Rate
9%
NOI
$532,902 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)
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 4
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Walgreens | 400 Wabasha St
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