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.
33859003
33859002

326 W LINCOLN AVE, FERGUS FALLS, MN 56537-2027

KS
MN 81883
Upland Real Estate Group Inc
DV
MN 20103724
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc
$4,896,550
4 days on market
Updated 4 days ago

Walgreens

Details
APN 71003990236000
Property Type Retail
Sub Type Storefront
Square Footage 14,976
Units 1
Cap Rate 7.25%
NOI $355,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Term 25
Lease Expiration 01/01/2034
Remaining Term 7.5
Lease Options Fifty 1-Year
Price per SqFt $327
Year Built 2008
Stories 1
Acreage 1.160
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2009
Ground Lease No

Walgreens | Fergus Falls, MN | Prominent Corner Location

Marketing description

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.

Investment 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.

• Population of 16,324 and an average household income of $77,651 within a 5-mile radius.

• Excellent regional accessibility with Interstate 94 traffic counts exceeding 17,900 vehicles per day and W. Lincoln Avenue averaging 13,394 vehicles daily.

• Area retailers 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.

Listing Contacts

KS
MN 81883
Upland Real Estate Group Inc
DV
MN 20103724
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc

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
$355,000.00
$29,583.33/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

Intelligence Badge
B-3 CommercialGeneral CommercialGeneral Business District
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 126 uses
View all 126 uses
Last updated May 15, 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