Dickenson Commercial LLC Acquires 15-Year-Old Walgreens Store In Little Falls For $3.6M
1023 1st Avenue Northeast
$3,600,000
$338/SF
Building Size
10,640 SF
Asset Type
Retail
Closing
Nov 6, 2023
About this deal
AI
Dickenson Commercial LLC, registered in Woodbury, has acquired a 15-year-old Walgreens store in Little Falls, MN for a total of $3.6 million. The property, located at 1023 1st Ave NE, is a retail asset with a total square footage of 10,640. The price per square foot for this transaction is $338, making it an attractive investment for the buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 1023 1st Ave NE, Little Falls, MN
- Market: Little Falls, MN
- Buyer: Dickenson Commercial LLC
- Seller: Waltrust Properties Inc
- Brokers: Jeff Bracco - The Kase Group Real Estate, Sean Stark - Caspian Realty
- Square Footage: 10,640
- Price per Square Foot: $338
The acquisition of the Walgreens store in Little Falls was facilitated by the brokers Jeff Bracco from The Kase Group Real Estate and Sean Stark from Caspian Realty. Both brokers played a key role in ensuring a successful transaction between the buyer, Dickenson Commercial LLC, and the seller, Waltrust Properties Inc.
On the Map
$3,600,000
$338/SF
Retail
View full map
Players
Little Falls Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit The Kase Group to view all their deals.
Browse Little Falls retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93