www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
21901927
21901928

1301 1st St S, Willmar, MN 56201

AW
NY 10301219652, CT REB.0793434
SAB Capital
Listed by SAB Capital
$5,412,500
493 days on market
Updated 80 days ago

Walgreens | Willmar, MN | 13.26% CASH-ON-CASH RETURN

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,490
Net Rentable (SqFt) 14,490
Units 1
Cap Rate 8%
NOI $433,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 02/28/2034
Remaining Term 7.7
Rent Bumps No
Lease Options 50, 1-year
Price per SqFt $374
Broker Co-Op Yes
Class A
Year Built 2009
Buildings 1
Stories 1
Acreage 1.530
Zoning Commercial (NEC)
Parking Spaces 61 spaces
Parking Per SqFt 4.21
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2009
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 8.00% CAP | 14,490 SqFt

Marketing description

SAB Capital is pleased to present Walgreens in Willmar, MN, located 86 miles west of Minneapolis. This prime asset features an absolute triple-net (NNN) lease with over nine years remaining in the base term, offering a secure and passive investment opportunity. Strategically positioned at a signalized corner in a highly dense retail corridor, the property benefits from strong real estate fundamentals, ensuring high visibility and consistent consumer traffic. The lease is corporately backed by Walgreens Boots Alliance, a Fortune 500 company operating over 8,200 locations nationwide. As a leader in the retail pharmacy sector, Walgreens continues to expand its footprint and enhance its healthcare offerings, reinforcing the stability and longevity of this investment.

Investment highlights

  • Walgreens in Willmar, MN | Only Walgreens Within 35 Mile Radius

  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure

  • Strong Location Fundamentals | Located Less Than a 1/2 Mile From Kennedy Elementary School & Willmar Middle School

  • Signalized Corner Location | Willmar Ave SE & 1st St S Intersection Sees Over 16,000 Vehicles Per Day

  • Dense Retail Trade Area | 2M Square Feet of Retail Within 1 Mile

  • Corporately Guaranteed Lease | Walgreens is the 27th Ranked Company in the Fortune 500 With Over 8,000 Locations Nationwide

  • Significant Lease Term Remaining | Over 9 Years Remaining in Base Term

  • Proven Long Term Location | Walgreens Has Operated Here For Over 15 Years

  • Close Proximity to Interstate Highway | Under 2 Miles From MN-71

  • National Retailers Located Nearby | FedEx, Popeyes, Burger King, Verizon, O'Reilly Auto Parts, and Many More

Listing Contacts

AW
NY 10301219652, CT REB.0793434
SAB Capital
Listed by SAB Capital

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$433,000.00
$36,083.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

Intelligence Badge
GB CommercialGeneral CommercialGeneral Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 58 uses
View all 58 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591