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• Walgreens has approximately 10 years remaining on a Corporate NNN lease. |www.walgreens.com | NYSE: WBA | S&P Rated BBB-
• Store Sales increasing over the last 3 years and available upon request.
• Corner location with Drive Thru. Located on the main throughfare of Fergus Falls by the population center.
• Fergus Falls, MN, is located approximately 60 miles southeast of Fargo, ND and 177 miles northwest of the Twin Cities.
• Within a 5-mile radius the population is 16,372 and an average household income of $83,463. Traffic counts on Interstate 94 average 17,900 vehicles per day, while W Lincoln Ave averages 13,394 vehicles per day.
• Nearby tenants include The Home Depot, Fleet Farm, ALDI, Walmart, Scooter’s, Harbor Freight Tools, and many more.
• Located in a county seat, Fergus Falls is home to the Minnesota State Community and Technical College and enrolls nearly 6,400 students each year.
• Walgreens is one of the nation’s largest drugstore chains and neighborhood retailers. Walgreens operates nearly 9,000 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 5,160 | 12,281 | 15,511 | |
| Population Median Age | 41 | 44 | 44 | |
| Population by Age | 0-9 Yrs | 714 (13%) | 1582 (12%) | 1971 (12%) |
| 10-19 Yrs | 617 (11%) | 1233 (10%) | 1566 (10%) | |
| 20-29 Yrs | 624 (12%) | 1273 (10%) | 1573 (10%) | |
| 30-39 Yrs | 558 (10%) | 1324 (10%) | 1686 (10%) | |
| 40-49 Yrs | 586 (11%) | 1057 (8%) | 1300 (8%) | |
| 50-59 Yrs | 568 (11%) | 1770 (14%) | 2314 (14%) | |
| 60-69 Yrs | 664 (12%) | 1745 (14%) | 2229 (14%) | |
| 70+ Yrs | 829 (16%) | 2297 (18%) | 2872 (18%) | |
| Median HH Income | $43,659 | $41,585 | $45,939 | |
| Total Household Income | < 24K | 565 (24%) | 1711 (29%) | 2000 (27%) |
| 25-49K | 692 (29%) | 1526 (26%) | 1783 (24%) | |
| 50-74K | 433 (18%) | 910 (15%) | 1134 (15%) | |
| 75-99K | 410 (17%) | 777 (13%) | 996 (13%) | |
| 100-199K | 157 (6%) | 685 (11%) | 1002 (13%) | |
| 200K+ | 52 (2%) | 174 (3%) | 252 (3%) | |
| Highest Education Level | No Diploma | 293 | 858 | 997 |
| Diploma or GED | 678 | 2089 | 2678 | |
| Some College | 1071 | 2159 | 2596 | |
| Assoc. Degree | 625 | 1455 | 1860 | |
| Bachelors Degree | 629 | 1696 | 2236 | |
| Higher Degree | 208 | 566 | 798 | |
| Total Housing Units | 2,592 | 6,237 | 7,737 | |
| --Owner-Occupied | 1,442 | 3,692 | 4,816 | |
| --Renter-Occupied | 866 | 2,089 | 2,351 | |
| Owner-Occupied Values | < 100K | 571 | 1069 | 1252 |
| 100-199K | 634 | 1414 | 1751 | |
| 200-299K | 133 | 881 | 1260 | |
| 300-399K | 18 | 121 | 246 | |
| 400-499K | 1 | 48 | 94 | |
| 500K+ | 84 | 160 | 213 | |
| Total Working Age Population | 4,062 | 10,007 | 12,667 | |
| In Work Force | 2,507 | 6,258 | 7,992 | |
| Not In Work Force | 1,555 | 3,750 | 4,674 | |
| Workforce Employed | 2,373 | 5,993 | 7,671 | |
| Workforce Unemployed | 134 | 265 | 321 | |
| Civlian Workforce | 2,507 | 6,258 | 7,992 | |
| Military Workforce | 0 | 0 | 0 | |
| Total Households | 2,308 | 5,781 | 7,167 | |
| Family Households | 1,219 | 2,972 | 3,907 | |
| Non-Family Households | 1,090 | 2,809 | 3,260 | |
| Married Couple | 875 | 2,227 | 3,002 | |
| Other Family | 343 | 745 | 905 | |
| Married w/Child | 291 | 634 | 853 | |
| Single Male w/Child | 64 | 91 | 104 | |
| Single Female w/Child | 175 | 381 | 458 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Minnesota | 4,919,479 | +8 | 5,303,925 | +7 | 5,687,161 | +5 | 5,974,304 |
| Otter Tail County | 57,159 | 0 | 57,303 | +1 | 58,127 | 0 | 58,197 |