Walgreens | 600 County Road 10 NE
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Walgreens 600 County Road 10 NE
12,547 SF Retail Building Blaine, MN 55434 $4,416,039 CAD ($352 CAD/SF) 8% Cap Rate
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
$4,416,039 CAD
Price Per SF
$352 CAD
Cap Rate
8%
NOI
$353,283 CAD
Tenancy
Single
Building Height
1 Story
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 | $2,180,946 CAD |
Land Assessment | $1,418,134 CAD | Total Assessment | $3,599,080 CAD |
PROPERTY TAXES
Parcel Number
31-31-23-43-0007
Land Assessment
$1,418,134 CAD
Improvements Assessment
$2,180,946 CAD
Total Assessment
$3,599,080 CAD
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Walgreens | 600 County Road 10 NE
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