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115 2nd Ave N
Sauk Rapids, MN 56379

$5,995,000 USD

Drugstore For Sale  •  14,490 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,490 SF
  • Lot Size 1.59 AC
  • Building Class B
  • Year Built 2011
  • Cap Rate 10.76 %
  • Tenancy Single
  • Zoning C
0 Transit Score
69 Walk Score

Highlights

ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES Walgreens is responsible for taxes, insurance, repairs, maintenance, and full roof replacement etc
10+ YEARS REMAINING ON INITIAL 25 YEAR LEASE WITH PERCENTAGE RENT fifty 1-Year option periods. Percentage rent includes 2% of gross sales
STRONG PERFORMING RELOCATION STORE WITH HIGH VISITOR DATA ACCORDING TO PLACER.AI Prescription sales reporting increased 155% from 2024 to 2025
GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL: serving millions of customers across more than 12,500 locations, generating approximately $1.47B
PRIME SIGNALIZED CORNER LOCATION & STRONG VISIBILITY NEAR MULTIPLE NATIONAL TENANTS: two hard, signalized corners with three points of ingress/egress
STRATEGIC LOCATION NEAR DOWNTOWN SAUK RAPIDS & ST. CLOUD HOSPITAL: 489 bed medical campus serving over 690,000 people

Property Flyers

Cap Rate: 10.76 %

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap