This free standing 14,739-squarefoot Walgreens is situated on 1.64 acres in Hibbing, Minnesota. Built in 2007, Walgreens signed a 25-year absolute NNN lease which has 16.5 years of primary term remaining. The property is ideally positioned on the hard signalized corner of 37th Street and East Beltline (Combined Traffic Count: 21,200 VPD) which serve as two of the area’s primary arteries. Walgreens is also directly across 37th Street from the 200,000+-square-foot Mesabi Mall Shopping Center which is anchored by two strong regional retailers Super One Foods and L&M Fleet Supply. Walgreens also benefits from its strategic location less than 0.25 miles east of the 85-bed Fairview Range Medical Center and its surrounding medical uses. In addition, the property is situated within the area’s primary retail corridor with 1.6 MSF of retail space within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include: Walmart Supercenter, JC Penney, Lowe’s Home Improvement, Jo-Ann Fabrics, Sears, Peebles, Dollar Tree, Anytime Fitness, McDonald’s, Dairy Queen, KFC, Papa Murphy’s, Caribou Coffee, Chrysler/Dodge/Jeep/RAM and AT&T among others. The property is also surrounded by a myriad of residential and industrial uses and is less than 1.5 miles south of both historic Downtown Hibbing and Hibbing Community College (Enrollment: 1,486 students). With a current population of approximately 18,000, Hibbing, Minnesota is located in St. Louis County (Population: 198,102) approximately 70 miles northwest of Duluth and 190 miles north of Minneapolis-St. Paul. The city is also ideally positioned just minutes from access to northeast Minnesota’s picturesque lakes and is connected within the region by a network of major traffic arteries, railways and a regional airport. Known as the “Heartbeat of Minnesota’s Iron Range”, the city is home to one of the world’s largest open pit iron ore mines and serves as a regional center for government, healthcare, professional services, mining, retail and education.