Walgreens | 600 County Road 10 NE
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Walgreens 600 County Road 10 NE
12,547 SF Retail Building Blaine, MN 55434 £2,461,406 (£196/SF) 8% Net Initial Yield
Executive Summary
Tenant pays RE taxes, building insurance, liability insurance, operating expenses, maintenance of parking areas (not capital expenses), maintenance (and replacement) of HVAC, plate glass and interior. Landlord pays for building exterior, parking area capital expenses and structural portions of the building, including the roof. Options: After the initial 20 years of the term, and every five years thereafter, Tenant has the right to terminate the term of the Lease with 6 months prior written notice. Next possible effective date of termination is October 31, 2025.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,547 SF
Building Class
B
Year Built
2000
Price
£2,461,406
Price Per SF
£196
Net Initial Yield
8%
NOI
£196,912
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
2.00 AC
Parking
40 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
342 ft on Northtown Dr
Amenities
- Pylon Sign
- Signage
- Drive Thru
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 31-31-23-43-0007 | Improvements Assessment | £1,209,851 |
Land Assessment | £786,691 | Total Assessment | £1,996,541 |
PROPERTY TAXES
Parcel Number
31-31-23-43-0007
Land Assessment
£786,691
Improvements Assessment
£1,209,851
Total Assessment
£1,996,541
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Walgreens | 600 County Road 10 NE
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