Log In/Sign Up
Your email has been sent.
CVS Pharmacy (dark) 5801 Brooklyn Blvd 12,970 SF Retail Building Brooklyn Center, MN 55429 $5,595,446 CAD ($431.41 CAD/SF) 8.60% Cap Rate
Investment Highlights
- Dark Tenant - 6+ Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
- Dense Retail Corridor | Major Surrounding Shopping Centers | Strong Tenant Presence | Limited Competition | Crystal Airport
- Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dark CVS Pharmacy investment property located in Brooklyn Center, MN (Minneapolis - St. Paul MSA). The tenant, Grand St. Paul CVS, L.L.C., has 6+ years of firm term remaining; however, the business is no longer in operation. The lease is guaranteed by the corporate entity (S&P: BBB | NYSE: CVS), and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,970 SF
Building Class
B
Year Built
2005
Price
$5,595,446 CAD
Price Per SF
$431.41 CAD
Cap Rate
8.60%
NOI
$481,221 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.53 AC
Zoning
PUD, C-2 - Planned Unit Development / Commerce
Parking
64 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-118-21-13-0100 | Improvements Assessment | $2,619,704 CAD |
| Land Assessment | $816,354 CAD | Total Assessment | $3,436,057 CAD |
Property Taxes
Parcel Number
03-118-21-13-0100
Land Assessment
$816,354 CAD
Improvements Assessment
$2,619,704 CAD
Total Assessment
$3,436,057 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CVS Pharmacy (dark) | 5801 Brooklyn Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.