Pharma Property Group closes Walgreens in Hutchinson, Minnesota
Pharma Property Group has closed the Walgreens for sale located at 945 Highway 15 South in Hutchinson, Minnesota. The property was newly constructed and had a recently executed 25 year lease on an absolute net lease structure.
“This particular market was underserved and Walgreens recognized that as this lease was recently executed. The property sits near to a 3M plant which has around 1,700 employees and is the backbone of the community. There are no Rite Aids in Minnesota and very limited CVS competition within 30 miles of this asset,” said Jason Stuart Pongsrikul who is Managing Principal of Pharma Property Group.
This Walgreens drugstore is located in Hutchinson, Minnesota, the southcentral part of the state of Minnesota and approximately 60 miles west of Minneapolis.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055