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2196 White Bear Ave N
Maplewood, MN 55109
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities
- Across the Street from a Medical Clinic and Dense Residential and Retail Area
- Minute Clinic, HealthHub and Drive-Through Location
- Signalized Hard Corner Location
- Major Hub for City/County Government Properties
- Full 3-Year Rent Credit at Closing to Fully Cover Landlord During 3-Year Rent Holiday
EXECUTIVE SUMMARY
The CVS located at 2196 White Bear Avenue in Maplewood, MN features an absolute NNN lease structure that offers investors a completely "hands off" investment vehicle with an investment grade tenant rated Baa2 by Moody's. Located in a dense residential and retail area, this site has excellent real estate fundamentals. All of the major retailers are within a mile of this site such as; Target, Home Depot, Hy-vee, Menards, Cub Foods, McDonalds and many more. In addition, there is a medical clinic right across the street providing a great builtin referral source for their pharmacy business.
This is an exceptional high yield investment opportunity in a great submarket in Minnesota. The Minneapolis-St. Paul MSA is ranked in the top 10 MSA's nationally over the last year for net natural increase in population (mn.gov.deed). In addition, the Minneapolis-St. Paul MSA also ranks in the top 10 out of all the MSA's across the country in per capita GDP (mn.gov.deed). Minnesota is a great place for people to live and invest in real estate and this is an excellent opportunity to achieve above average returns on your money with less credit risk than you will find elsewhere in the net lease landscape
This is an exceptional high yield investment opportunity in a great submarket in Minnesota. The Minneapolis-St. Paul MSA is ranked in the top 10 MSA's nationally over the last year for net natural increase in population (mn.gov.deed). In addition, the Minneapolis-St. Paul MSA also ranks in the top 10 out of all the MSA's across the country in per capita GDP (mn.gov.deed). Minnesota is a great place for people to live and invest in real estate and this is an excellent opportunity to achieve above average returns on your money with less credit risk than you will find elsewhere in the net lease landscape
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,108 SF
Building Class
B
Year Built
2005
Price
$6,527,669 CAD
Price Per SF
$432.07 CAD
Cap Rate
8.01%
NOI
$523,118 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.72 AC
Parking
64 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
116’ on County Road B Rd
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 11-29-22-33-0057 | Improvements Assessment | $3,864,043 CAD |
| Land Assessment | $1,238,339 CAD | Total Assessment | $5,102,383 CAD |
PROPERTY TAXES
Parcel Number
11-29-22-33-0057
Land Assessment
$1,238,339 CAD
Improvements Assessment
$3,864,043 CAD
Total Assessment
$5,102,383 CAD
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