4202 PHEASANT RIDGE DR NE

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4202 PHEASANT RIDGE DR NE

MINNEAPOLIS, MN 55449
Asking Price
$4.72M
Cap Rate
7.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

22-YEAR OPERATING HISTORY AT LOCATION & RECENTLY EXTENDED LEASE TERMINATION FROM 2028 TO 2034 <p><strong>DUAL-INCOME, FEE-SIMPLE INVESTMENT | WALGREENS + ON-SITE BILLBOARD - </strong>Two Separate Absolute-Net Income Streams With No Landlord Responsibilities; Offered Fee-Simple At $4,725,000.</p><p></p><p><strong>ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES - </strong>Both Leases Are Absolute Net (NNN); Tenant/Operator Handles All Expenses, Including Roof & Structure.</p><p></p><p><strong>WALGREENS PRIMARY TERM THROUGH 12/31/2034 | 6 FIVE-YEAR OPTIONS - </strong>Stability Fro

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NOI
$80,000
Cap Rate
1.69%
DSCR
0.29
Underwater
Cash-on-Cash
-14.15%
Monthly Payment
$23,376.722
Annual Cash Flow
$-200,520.663

Location & Travel Times