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CVS Pharmacy (dark) 5801 Brooklyn Blvd 14,662 SF Retail Building Brooklyn Center, MN 55429 $4,688,396 CAD ($319.77 CAD/SF) 10.37% Cap Rate

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Investment Highlights

Dark Tenant - 5+ Years Remaining | 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 5+ 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

Drug Store

Building Size

14,662 SF

Building Class

Year Built

2005

Price

$4,688,396 CAD

Price Per SF

$319.77 CAD

Cap Rate

10.37%

NOI

$486,377 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Lot Size

1.53 AC

Zoning

PUD, C-2 - Planned Unit Development / Commerce

Parking

64 Spaces (4.37 Spaces per 1,000 SF Leased)

Frontage

522’ on Brooklyn Blvd

Bus Line

Signage

Drive Thru

Retailer
-
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CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.