Sauk Rapids, MN

• Absolute net lease with ±14 years remaining and strong reported sales.
• Attractive 3.79% below market assumable financing or available free and clear.
• Part of the St. Cloud MSA with over 200,000 residents.
• Just over a mile south of 486-bed St. Cloud Hospital and near St. Cloud State University with 10,000 students.

Pharma Property Group is pleased to present the opportunity to purchase a Walgreens in Sauk Rapids, MN near St. Cloud. Walgreens has ±14 years remaining with 50 years in options to extend. This is a true absolute net lease with no landlord responsibilities whatsoever. Walgreens is reporting strong sales at this location.

The subject property can be delivered free and clear of debt at closing or has the option to assume the existing attractive below market financing. Current debt is set to mature in May of 2026 and has a current balance of approximately $4,590,036 at a 3.79% interest rate. Current annual debt service is $295,937 and cash flow after debt service is $349,063 annually or $29,088 monthly. The loan is non-recourse and there is a 1% assumption fee payable by the Buyer.

St. Cloud Hospital - CentraCare is located 1.3 miles south of the subject property. This 489-bed, state-of-the-art hospital is the largest health care facility in the region and employs approximately ±7,000 doctors and medical staff and specializes in cardiac, cancer and behavioral health. Good Shepherd is a Lutheran facility with a 162-bed capacity that employs 400 staff and has the help of 200 volunteers. This senior community campus includes assisted living homes, home health care, rehabilitation and memory care buildings along with a chapel.

St. Cloud Technical and Community College is located about 1.5 miles across the Mississippi River and enrolls approximately 6,000 students and employs about 375 people. This vocational school offers associates and certificates in various fields such as business, IT, education, construction, health, manufacturing and transportation studies. St. Cloud State University sits on 100 acres along the Mississippi River and has two other campuses in Plymouth, MN and Alnwick, England. Currently it enrolls approximately 10,000 students and employs over 2,200 educators and supporting staff. It offers 200 undergraduate, 60 graduate and 3 doctoral programs in person and online.

Located at the Mississippi River Bridge just east of the Mississippi River which crosses into St. Cloud. Nearest standalone CVS is about 4 miles southwest and nearest Walgreens east of the Mississippi is over 26 miles away. St. Cloud is the county seat of Stearns County which is part of the St. Cloud Metropolitan Statistical Area in central Minnesota. There are over 200,000 residents in this MSA and the population in a 5-mile radius from the subject property is over 108,000 residents.