Log In/Sign Up
Your email has been sent.
1195 Boblett St
Blaine, WA 98230
CVS · Retail Property For Sale
Investment Highlights
- Extremely strong performing location with a low rent to sales ratio (contact broker for details)
- CVS is an investment grade tenant – S&P: BBB
- Over 7 years remain on the lease
- CVS assumed the lease from Rite Aid in 2025
- Absolute NNN – No landlord responsibilities
- Directly across from Blaine High School
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS property located in Blaine, Washington. CVS assumed the lease for this location from Rite Aid in 2025. This is a strong performing location that boasts a low rent-to-sales ratio (inquire with broker for details). The lease is absolute triple net (NNN), with no landlord obligations. Over 7 years remain on the lease, and it includes six 5-year renewal options. CVS, an investment-grade tenant, holds a “BBB” Standard & Poor’s credit rating.
The 17,340 square-foot building benefits from its position at the corner of Boblett Street and State Highway 543 (10,000 VPD). The property is located just off Interstate 5, which experiences over 22,000 vehicles per day and is directly across from Blaine High School. Located less than one mile from the U.S./Canada border, the site draws from both local and cross-border traffic. The property benefits from limited competition, with the nearest national pharmacy located eight miles away. Surrounding national and regional retailers include IGA Market, Ace Hardware, McDonald’s, O’Reilly Auto Parts, Dollar Tree, Subway, TA Express, Burger King, and Taco Bell. The area is characterized by strong demographics, with an average household income of $119,350 and a population of over 16,900 within a five-mile radius.
CVS Health Corporation is a leading American healthcare company headquartered in Woonsocket, Rhode Island. Originally founded in 1963 as Consumer Value Stores, CVS has grown into a nationwide brand with more than 9,000 retail pharmacy locations across the United States. As one of the largest healthcare providers in the nation, CVS Health serves millions of patients daily through its network of retail stores, MinuteClinic walk-in clinics, and digital health platforms. The company plays a vital role in community-based healthcare, offering prescription fulfillment, vaccinations, chronic condition management, and preventative care services.
The 17,340 square-foot building benefits from its position at the corner of Boblett Street and State Highway 543 (10,000 VPD). The property is located just off Interstate 5, which experiences over 22,000 vehicles per day and is directly across from Blaine High School. Located less than one mile from the U.S./Canada border, the site draws from both local and cross-border traffic. The property benefits from limited competition, with the nearest national pharmacy located eight miles away. Surrounding national and regional retailers include IGA Market, Ace Hardware, McDonald’s, O’Reilly Auto Parts, Dollar Tree, Subway, TA Express, Burger King, and Taco Bell. The area is characterized by strong demographics, with an average household income of $119,350 and a population of over 16,900 within a five-mile radius.
CVS Health Corporation is a leading American healthcare company headquartered in Woonsocket, Rhode Island. Originally founded in 1963 as Consumer Value Stores, CVS has grown into a nationwide brand with more than 9,000 retail pharmacy locations across the United States. As one of the largest healthcare providers in the nation, CVS Health serves millions of patients daily through its network of retail stores, MinuteClinic walk-in clinics, and digital health platforms. The company plays a vital role in community-based healthcare, offering prescription fulfillment, vaccinations, chronic condition management, and preventative care services.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,340 SF
Building Class
B
Year Built
2014
Price
$7,677,728
Price Per SF
$442.78
Cap Rate
7%
NOI
$537,441
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.94 AC
Zoning
MA
Parking
50 Spaces (2.87 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 400106-317420-0000 | Improvements Assessment | $2,890,028 |
| Land Assessment | $1,394,415 | Total Assessment | $4,284,443 |
Property Taxes
Parcel Number
400106-317420-0000
Land Assessment
$1,394,415
Improvements Assessment
$2,890,028
Total Assessment
$4,284,443
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
