Single Tenant, Net Leased ... Walgreens - Anoka, MN Net-Leased Single Tenant, Net Leased PROPERTY...

Walgreens with Redevelopment Potential
Walgreens - Anoka, MN Net-Leased Single Tenant, Net Leased

PROPERTY HIGHLIGHTS
• Excellent Walgreens with Very High Store Sales
• Purchase Cap Rate: 6.04%
• Property in a Qualified Opportunity Zone (QOZ)
• Assumable Mortgage
• Direct Purchase-1031 Investment
• DST Structure Available
PROPERTY DESCRIPTION
Free-standing Walgreens located at the intersection of Highway 169 (Ferry Street) and Main Street in downtown Anoka, MN; known as one of the busiest intersections in Anoka County. The building is a +/-13,450 SF retail property and was constructed in 1994. The Walgreens net lease has an original term through December 31, 2064. Walgreens has a continuous lease termination option every five (5) years with the next option available on 12/ 31/2024. The below-market rent is at $15.04 PSF. The property is located in a Qualified Opportunity Zone (QOZ) and may eventually be redeveloped into a mixed-use concept.
Garrett Farmer C: 612 201 6282 [email protected]
Michael Houge, CCIM, SIOR C: 612 701 7454 [email protected]
OFFERING SUMMARY
Sale Price $3,350,000
Lot Size 1.72 Acres
Building Size 13,450 SF
DEMOGRAPHICS
Stats Population Avg. HHIncome
1 Mile 8,693 $60,098
3 Miles 61,832 $74,367
5 Miles 127,510 $80,012
275 Market Street Minneapolis, MN 55405 612 383 2590 tel www.nailegacy.com/
275 Market Street, Suite #561 Minneapolis, MN 55405
612 383 2590 tel nailegacy.com
Property Summary
Walgreens - Anoka, MN Net-Leased 1911 S Ferry St
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Walgreens - Anoka, MN Net-Leased
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LOCATION INFORMATION
Building Name Walgreens - Anoka, MNNet-Leased
Street Address 1911 S Ferry St
City, State, Zip Anoka, MN 55303
County Anoka
Market NW Metro Retail
Sub-market Anoka County
Cross-Streets Ferry Street (US Hwy 169) &Main Street
Township ANOKA CITY OF
Side of the Street West
Signal Intersection Yes
Road Type Highway Interchange
Market Type Large
Nearest Highway US Hwy 10
Nearest Airport MSP
BUILDING INFORMATION
NOI $202,270.00
Cap Rate 6.04
Occupancy % 100.0%
Tenancy Single
Number of Floors 1
Average Floor Size 13,450 SF
Year Built 1994
Year Last Renovated 2019
Gross Leasable Area 13,450 SF
Construction Status Existing
Condition Excellent
Free Standing Yes
Number of Buildings 1
PROPERTY HIGHLIGHTS
• Excellent Walgreens with Very High Store Sales
• Purchase Cap Rate: 6.04%
• Property in a Qualified Opportunity Zone (QOZ)
• Assumable Mortgage
• Direct Purchase-1031 Investment
• DST Structure Available

POPULATION 1 MILE 3 MILES 5 MILES
Total Population 8,693 61,832 127,510
Median age 38.8 36.3 36.4
Median age (Male) 39.0 36.0 35.6
Median age (Female) 40.9 37.8 37.5
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,543 23,280 46,540
# of persons per HH 2.5 2.7 2.7
Average HH income $60,098 $74,367 $80,012
Average house value $238,331 $234,825 $240,328
* Demographic data derived from 2010 US Census

Old and Newcomers
Dominant Tapestry Segment
39.6 Median
Age
9,869 Total Population
$220,107 Median Home Value
529 Businesses
13,560 Daytime Population
$50,044 Median Household
Income
$29,733 Per Capita Income
$3,000
$2,000
$1,000
$0
FurnitureEntertainmentApparelTransportationTravel
$2,489.61
$1,688.96 $1,656.11
$662.84 $481.08
Walgreens
KEY FACTS
KEY SPENDING FACTS
2.2 Avg Household
Size
0.6% 2010-18 Pop Growth Rate
© Esri 2018 Spending facts are average annual dollars per household

Soccer Moms
38.3 Median
Age
1,981 Businesses
Income
$4,000
$3,000
$2,000
$1,000
$0
$3,504.74
$2,458.27 $2,294.72
$958.17 $678.31
Walgreens
KEY FACTS
KEY SPENDING FACTS
2.6 Avg Household
Size

Home Improvement
37.9 Median
Age
3,235 Businesses
Income
$4,000
$3,000
$2,000
$1,000
$0
$3,746.67
$2,646.99 $2,450.37
$1,031.19 $725.87
Walgreens
KEY FACTS
KEY SPENDING FACTS
2.7 Avg Household
Size

ABOUT WALGREENS
Walgreens is one of the largest drugstore chains in the United States. Walgreens is owned by Walgreens Boots
Alliance, a healthcare powerhouse created in 2014 from the merger of Walgreens and Alliance Boots. Walgreens
Boots Alliance is currently the largest retail pharmacy in the US and Europe with 13,200 Stores in over 11 countries.
Walgreens are typically located on the corner of signalized intersections in over 9,600 locations around the country.
The company is publicly traded on the NASDAQ (WBA) with a market capitalization in excess of $48 billion. Both
Walgreens and Walgreens Boots Alliance are investment-grade rated each with a Standard & Poor’s rating of BBB.

LEASE SUMMARY
Tenant: Walgreens
Lease Documents: Original Lease entered into Dec. 10, 1994, and subsequently amended with two (2) amendments.
Leased Area: 13,450 SF
Lease Term: Seventy (70) Years
Commencement Date: 12/10/1994
Expiration Date: 12/31/2064
Remaining Lease Term: Forty-Five (45) Years
Monthly Base Rent: $16,855.75
Annual Base Rent: $202,269 ($15.05 PSF)
Base Rent Increases: None
Lease Type: Net, Net
Landlord Responsibilities: Roof, Structure and Parking Lot (Replacement Only)
Termination Rights: Tenant has termination rights every five (5) years, which started in 2014. Tenant has waived these rights in 2014 and 2019. Tenant must also provide a 180 day notice.
Early Termination Dates: 12/31/2024,12/31/2029, 12/31/ 2034,12/31/2039 12/31/ 2044,12/31/2049 12/31/2054 & 12/31/2059
Guarantor: Walgreens Boots Alliance, Inc.
TENANT OVERVIEW
Tenant: Walgreens Boots Alliance, Inc.
Ownership: Public (WBA-Nasdaq)
Sales Volume: $137.41 Billion
Mark

Single Tenant, Net Leased ... Walgreens - Anoka, MN Net-Leased Single Tenant, Net Leased PROPERTY...

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