Walgreens 7.54% Cap | Single Tenant Investment | SOLD

Coldwell Banker Commercial Orion is pleased to offer for sale this single tenant investment property. The subject is located in the northern area of Rogers, just north of the intersection of I-94 and State Highway 101. Over the past couple decades, the Rogers area has experienced rapid growth. As the developing ring becomes more fully developed, individuals and businesses seeking cheaper land will continue moving to the outlying areas. Rogers has the location, access and vacant land to capture its share of this growth.  

Special Features: 
  • 7.54% CAP
  • 75 Year Lease
  • NOI $290,151
  • 15 Day Right of First Refusal 
  • National Tenant
  • 9.2 Years Remaining before tenant option to terminate
Address: 
21495 N 141st Ave, Rogers, MN
Land Area: 
1.72 acres
Zoning: 
B-2
Size of Building: 
14,560 sq ft
Age: 
Built in 2003
Parking: 
70 spaces
Signage: 
Pylon sign
Price: 
$3,850,000 | SOLD