1665 White Bear AvenueSaint Paul, MN 55106

For Sale
$3,490,909
NNN Lease, Strong Location, High Traffic

Overview

Added:
Jan 27
Days on market:
78
This investment opportunity presents a well-established Walgreens location in Saint Paul, Minnesota. The property features a 15,085 square foot building situated at a signalized intersection of Larpenteur Ave E and White Bear Ave, benefiting from high visibility and exposure to 20,183 vehicles per day. The property is subject to a corporate-guaranteed Walgreens lease, expiring January 2029, with ten 5-year renewal options, providing long-term stability. This is an absolute NNN lease, minimizing landlord responsibilities. The location boasts strong neighboring retailers, including Pizza Hut, O'Reilly Auto Parts, Little Caesars Pizza, White Castle, Dollar Tree, and Metro by T-Mobile, contributing to a vibrant commercial environment. Saint Paul, the capital of Minnesota, is a regional business hub and part of the Twin Cities metropolitan area, offering a strong demographic base. This investment presents a compelling opportunity for long-term income generation and appreciation in a prime location. The property is classified as an Investment NNN property.

Highlights

  • Well-established Walgreens in St. Paul, MN, with a corporate guarantee.
  • NNN lease with ten 5-year renewal options expiring January 2029.
  • High-traffic location at a signalized intersection, exposed to 20,183 vehicles daily.

Property Details for 1665 White Bear Avenue

Property type
Retail properties, Investment properties
Square Feet
15,085 SF
Price / Square Foot
$231.42
Buildings
1
Stories
1
Elevators
N/A
Units
1

Location Insight

City
Saint Paul
County
State
Minnesota

FAQs

What type of property is this?
Retail property - NNN Lease, Strong Location, High Traffic
Where is the retail property located?
The property is located at 1665 White Bear Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $3,490,909.
What are key features of this property?
This property features: Well-established Walgreens in St. Paul, MN, with a corporate guarantee.; NNN lease with ten 5-year renewal options expiring January 2029.; High-traffic location at a signalized intersection, exposed to 20,183 vehicles daily.
How can I contact the broker?
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1665 White Bear Avenue
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