Walgreens

18267 Carson Ct NW, Elk River, MN
Deal Type:
Net Lease
Price:
$5,607,476
Cap Rate:
5.35%
Current Rent:
$300,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
Ten, 5-year options
Building Sq. Ft.:
14,820 sf
Rent Increases:
5% every 5 years
Site Size:
1.76 acres

Investment Highlights

  • New 15 Year NNN Walgreens with 5% rent increases every 5 years
  • Only Walgreens location in Elk River and no competition from CVS
  • Signalized hard corner location with strong traffic counts of 70,800 VPD
  • 13 year historical occupancy; profitable track record
  • National retailers in the area include Walmart, The Home Depot, Panera, Chipotle, Tractor Supply, and AutoZone, among others

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Graham Gold

Vice President
314 324 8792
graham@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
jordan@stream-cp.com

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