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Walgreens 80 14th St SW 14,490 SF Retail Building Rochester, MN 55902 $7,571,067 CAD ($522.50 CAD/SF) 7.25% Cap Rate
Investment Highlights
- 8 Years Remaining | Corporate Signature | Options To Extend
- Crossroads Center | Apache Mall | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The subject property is located directly across from the Crossroads Center, which features tenants including ALDI, OfficeMax, Chick-fil-A, Chipotle, Outback Steakhouse, and many others
• Located approximately 1 mile from Apache Mall, which includes national/credit tenants such as Scheel’s, Barnes & Noble, Macy’s, JCPenney, Starbucks, Firestone, Red Lobster, and more
• The asset is located in the center of a primary retail corridor with other national/credit tenants including a Walmart Supercenter, Hy-Vee, Ulta, Kohl’s, McDonald’s, Dave’s Hot Chicken, and others
• Strong tenant synergy promotes crossover shopping to the subject property
• Located approximately 1 mile from Apache Mall, which includes national/credit tenants such as Scheel’s, Barnes & Noble, Macy’s, JCPenney, Starbucks, Firestone, Red Lobster, and more
• The asset is located in the center of a primary retail corridor with other national/credit tenants including a Walmart Supercenter, Hy-Vee, Ulta, Kohl’s, McDonald’s, Dave’s Hot Chicken, and others
• Strong tenant synergy promotes crossover shopping to the subject property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2009
Price
$7,571,067 CAD
Price Per SF
$522.50 CAD
Cap Rate
7.25%
NOI
$548,864 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.15 AC
Zoning
MX-T - MX-T Transit Oriented Development Node
Parking
59 Spaces (4.07 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64.11.13.078786 | Improvements Assessment | $2,403,669 CAD |
| Land Assessment | $1,542,673 CAD | Total Assessment | $3,946,342 CAD |
Property Taxes
Parcel Number
64.11.13.078786
Land Assessment
$1,542,673 CAD
Improvements Assessment
$2,403,669 CAD
Total Assessment
$3,946,342 CAD
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Walgreens | 80 14th St SW
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