4202 PHEASANT RIDGE DR NE, MINNEAPOLIS, MN 55449

DUAL-INCOME, FEE-SIMPLE INVESTMENT | WALGREENS + ON-SITE BILLBOARD - Two Separate Absolute-Net Income Streams With No Landlord Responsibilities; Offered Fee-Simple At $4,725,000.

ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES - Both Leases Are Absolute Net (NNN); Tenant/Operator Handles All Expenses, Including Roof & Structure.

WALGREENS PRIMARY TERM THROUGH 12/31/2034 | 6 FIVE-YEAR OPTIONS - Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term.

BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE | 10% INCREASES EVERY 5 YEARS - New Billboard Lease Commences At Operation And Features Contractual 10% Rent Steps Every Five Years.

YEAR-1 COMBINED NOI: $366,000 7.75% CAP RATE - Initial Combined Income Stream Of $366,000 Supports A 7.75% Going-In Cap Rate.

ESTABLISHED RETAIL LOCATION | 2003 CONSTRUCTION ON 2.36 ACRES - 14,560 SF Walgreens Constructed In 2003 On A 2.36-Acre Site With Strong Visibility And Access.

NORTH-METRO TWIN CITIES LOCATION MSA GROWTH AND CONNECTIVITY - Located In Blaine Within The Minneapolis–St. Paul–Bloomington MSA, Benefiting From Regional Population, Employment, And Infrastructure Investment.