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Demographic Information (5-mile radius)
16,324
16,330
$77,651
$57,449

Walgreens

Walgreens 326 W Lincoln Ave, Fergus Falls, MN, 56537
$4,896,550
  • Type: Medical, Retail
  • Availability: Available
  • Tenancy: Single Tenant
  • Cap Rate: 7.25%
  • NOI: $355,000
  • Lease Type: NNN
  • Lease Expiration: January 1, 2034
  • Tenant: Walgreens Co.

Property Highlights

  • Walgreens is operating on a corporate NNN lease with approx. 7 ½ years remaining. |www.walgreens.com | NYSE: WBA | S&P Rated BBB
  • Prominent corner location with a drive-thru along Fergus Falls’ primary retail corridor, positioned near the city’s population center with excellent visibility and access.
  • Fergus Falls serves as the county seat of Otter Tail County and is located approximately 60 miles southeast of Fargo, North Dakota and 177 miles northwest of the Twin Cities.
  • The property benefits from its proximity to Lake Region Healthcare, a 108-bed regional medical center and leading healthcare provider serving west-central Minnesota and eastern North Dakota.
  • Nearby tenants include The Home Depot, Fleet Farm, ALDI, Walmart, Scooter’s, Harbor Freight Tools, and many more.
  • Fergus Falls is home to the Minnesota State Community and Technical College, which enrolls nearly 6,400 students each year.
  • Walgreens is one of the nation’s largest drugstore chains and neighborhood retailers. Walgreens operates nearly 9,000 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Property Summary

This Walgreens is located in Fergus Falls, Minnesota, a county seat of Otter Tail County. Fergus Falls is located approximately 177 miles northwest of the Twin Cities on I-94 and 60 miles southeast of Fargo, North Dakota. Traffic counts on I-94 average 17,900 vehicles per day, while W Lincoln Ave averages 13,394 vehicles per day. The population within a 5-mile radius is 16,176 and the average household income is $81,834.  Other major retailers in the area include The Home Depot, Fleet Farm, Walmart, Slumberland Furniture, ALDI, Scooter’s, and more. Fergus Falls is also home to the Minnesota State Community and Technical College and enrolls approximately 6,400 students each year.

Contact

Keith A. Sturm, CCIM
612.376.4488
[email protected]

Amanda Leathers
612-436-0045
[email protected]

Deborah Vannelli, CCIM
612.376.4475
[email protected]