Walgreens
Walgreens | 9% Cap | St. Paul, MN
Marketing description
Walgreens is located within the Treasure Island Center, a vibrant mixed-use redevelopment in the heart of downtown St. Paul, Minnesota. Originally constructed in 1962 as a department store, the building sat vacant for several years before being transformed into a modern destination that now combines retail, office, medical, and recreational space. At the core of the building is the TRIA Rink, a rooftop, NHL-regulation ice rink that serves as the official practice facility for the Minnesota Wild and also hosts community events, college hockey games, and figure skating.
Investment highlights
• Walgreens is on a Corporate NNN lease with 6 years, 5 months remaining.
• Walgreens is a condo located on the first and second floor of Treasure Island Center in St. Paul, MN. Additional tenants include MN Wild Hockey Team practice rink, PWHL, TRIA Orthopedic, St. Paul Port Authority, Pillbox Tavern, and St. Paul Event Center.
• Dense 5-mile population of 379,904 and high average household income of $106,095.
• Located near I-94 where traffic counts average 141,085 vehicles per day and I-35E with traffic counts of 70,774 per day.
• Top Downtown St. Paul Employers include: EcoLab, Securian Financial, The Travelers Companies, Infor, and Minnesota College & Government Entities.
• Walgreens is located in downtown St. Paul near Grand Casino Arena (Home to MN Wild Hockey), River Centre, Ordway, MN State Capitol, The Minnesota Children’s Museum, the Science Museum of Minnesota, and much more.
• Walgreens is one of the nation’s largest drugstore chains and neighborhood retailers. Walgreens operates over 8,000 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
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