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Available For Sale - Retail

14,109 SF | Show Pricing $

AVAILABILITY DETAILS

Size
14,109 SF
Price/SF
Show Pricing $
Listing ID
SA416190
Notes
A rare opportunity to invest in a very key CVS location within the Minneapolis market. CVS strategically consolidated some stores and funneled attention to this well located Minneapolis unit. Recently remodeled and enhanced, this urban location serves the vibrant Eat Street Neighborhood, just on the edge of Downtown. The hard corner location is on a high traffic, signalized intersection and features a drive-thru and rare off-street parking. This CVS has limited competition in close proximity, is strategically located near many medical facilities, and sits in a densely populated neighborhood. The Minneapolis-St. Paul MSA is home to nearly 4 million residents and is expected to continue to grow.



This “essential business” has a rock solid lease structure with 12 years remaining on a NNN condo basis. Rare "national drug store" rent bumps are offered in the option periods as well. In addition, since this is a condo location it offers lower ongoing tenant obligations, keeping the effective rent in check.



CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brian Brisky, Brisky Net Lease