Retail•Free Standing Building•For Sale
Walgreens - Anoka, MN Net-Leased
1911 S Ferry St, Anoka, Minnesota 55303
Free-standing Walgreens located at the intersection of Highway 169 (Ferry Street) and Main Street in downtown Anoka, MN; known as one of the busiest intersections in Anoka County. The building is a +/-13,450 SF retail property and was constructed in 1994. The Walgreens net lease has an original term through December 31, 2064. Walgreens has a continuous lease termination option every five (5) years with the next option available on 12/31/2024. The below-market rent is at $15.04 PSF. The property is located in a Qualified Opportunity Zone (QOZ) and may eventually be redeveloped into a mixed-use concept.
The property is located on the intersection of Main Street & Ferry Street (Highway 169) adjacent to downtown Anoka. Situated on a signalized corner, the property experiences approximately 59,000 vehicles per day.
- Excellent Walgreens with Very High Store Sales
- Purchase Cap Rate: 6.04%
- Property in a Qualified Opportunity Zone (QOZ)
- Assumable Mortgage
- Direct Purchase-1031 Investment
- DST Structure Available
1/22/2020 12:00:00 AM
2/21/2020 6:50:15 PM