Walgreens 20 Year Billboard — Sale in Blaine, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Blaine, MN 55449

Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

4202 Pheasant Ridge Dr NE Blaine, MN 55449 1 of 5 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out Circle Pines, Minnesota Circle Pines, Minnesota View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (5) View Map Street View × Walgreens + 20 Year Billboard Close Investment Highlights DUAL-INCOME, FEE-SIMPLE INVESTMENT: Two Separate Absolute-Net Income Streams With No Landlord Responsibilities ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES: Both Leases Are Absolute-Net; Tenant/Operator Handles All Expenses Including Roof & Structure WALGREENS PRIMARY TERM THROUGH 12/31/2034: Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE: New Billboard Lease Commences At Operation And Features Contractual 10% Rent Increases Every Five Years ESTABLISHED RETAIL LOCATION: 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 Investment Highlights: • DUAL-INCOME, FEE-SIMPLE INVESTMENT: Two Separate Absolute-Net Income Streams With No Landlord Responsibilities • ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES: Both Leases Are Absolute-Net; Tenant/Operator Handles All Expenses Including Roof & Structure • WALGREENS PRIMARY TERM THROUGH 12/31/2034: Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term • BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE: New Billboard Lease Commences At Operation And Features Contractual 10% Rent Increases Every Five Years • ESTABLISHED RETAIL LOCATION: 14,560 SF Walgreens Constructed In 2003 On A 2.36-Acre Site With Strong Visibility An

Market Context

This retail in Blaine, MN is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Blaine, MN — view the full market.

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