This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

948 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Walgreens 1420 W Oakland Ave

14,733 SF Retail Building Austin, MN 55912 $5,311,369 CAD ($361 CAD/SF) 6.75% Cap Rate

Drug Stores Minnesota Austin 1420 W Oakland Ave, Austin, MN 55912

Investment Highlights

  • Absolute NNN Lease
  • Corporate Guarantee - NASDAQ:WBA
  • $3,035,754 in Reported Sales
  • Zero Landlord Obligations
  • Seller will Provide 50% LTV Financing
  • Hard Corner Location - 17,400+ VPD

Executive Summary

The Kase Group is pleased to present the opportunity to purchase a
Walgreens location in Austin, Minnesota. The lease is corporately guaranteed
by Walgreens and expires in September 2034 with ten, 5-year renewal
options. This site is located at the signalized intersection of Oakland Ave W
and 14th St W with exposure to 17,400+ vehicles per day from combined
roads. The asset is across the street from Austin Mayo Clinic Hospital and
the Westcott Sports Complex. The site borders various retailers including
Dairy Queen, McDonald's, Subway, Kwik Trip, Ace Hardware and more.

Attachments

Walgreens - Austin, MN

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,733 SF
Building Class
B
Year Built
2004
Price
$5,311,369 CAD
Price Per SF
$361 CAD
Cap Rate
6.75%
NOI
$358,517 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.25 AC

Amenities

  • Corner Lot
1 of 1

Nearby Major Retailers

U.S. Bank
The YMCA
Old National Bancorp
Scooter's Coffee

PROPERTY TAXES

Parcel Number 34-065-0050 Improvements Assessment $1,751,581 CAD
Land Assessment $286,925 CAD Total Assessment $2,038,507 CAD

PROPERTY TAXES

Parcel Number
34-065-0050
Land Assessment
$286,925 CAD
Improvements Assessment
$1,751,581 CAD
Total Assessment
$2,038,507 CAD
(925) 348-1844

Contact

  • Listing ID: 34321972

  • Date on Market: 2024-12-30

  • Last Updated:

  • Address: 1420 W Oakland Ave, Austin, MN 55912

The Retail Property at 1420 W Oakland Ave, Austin, MN 55912 is currently available for sale. Contact The Kase Group for more information.

Nearby Listings

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
1420 W Oakland Ave, Austin, MN for sale Primary Photo- Image 1 of 2
Primary Photo

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Walgreens | 1420 W Oakland Ave
(925) 348-1844 x

Walgreens | 1420 W Oakland Ave

Kase Abusharkh

(925) 348-1844

(925) 348-1844

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link