Walgreens

• Walgreens has been at this location for over 22 years and recently executed a long-term extension, proving their commitment to the site
• ±8 years remaining on the base term of a NNN lease, with Ten 5-year extension options.
• 5-Mile population of 370,331 residents
• Affluent demographics with an average household income of $114,427 (5 mile radius)
• Located roughly 15 minutes from Downtown St. Paul
• The offering boasts a 92% rent increase at the onset of the first renewal option in October of 2034
• Walgreens is the nation’s second largest pharmacy store chain with over 8,700 locations serving roughly 9 million customers per day. Roughly 78% of Americans live within a 5-mile radius of a Walgreens location.
• Corporately guaranteed lease from Walgreens
• Considered an essential retailer, Walgreens has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.