2920 White Bear Ave, Maplewood, MN 55109

Top Performing Location

The Property ranks in the top 89% of Walgreens locations nationwide by foot traffic, and top 93% in Minnesota, according to Placer.ai.

Corporate Long-term Absolute NNN Lease

Walgreens is operating under a 15-year Absolute NNN lease with (12) 5-year renewal options, potentially extending the lease through 2097. The lease also features an upcoming 5% rent increase in August 2027 and 5% every five years thereafter.

Superior Access & Visibility

Walgreens is located on a hard corner at the signalized intersection of White Bear Ave and Beam Ave, which see a combined 28,937 VPD.

Adjacent to Maplewood Mall

The Property is located across from the Maplewood Mall, a 931K square foot regional shopping destination that attracts some 3.3 million visitors annually. In April 2025, a local investor announced their acquisition of a second big box space in the mall and detailed plans underway to redevelop the spaces into a mixed-use concept that is expected to fully open by 2027.

Dominant Market Position

In addition to its position neighboring the Maplewood Mall, the Property is also located less than 2 miles from Costco and Sam’s Club, as well as 3 blocks south of Interstate 694, the metro’s outer loop which connects St Paul to Minneapolis and beyond. There are 12 million square feet of retail and nearly 80,000 households within a 5-mile radius which spend about $88 million on drugs and medical supplies annually.