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CVS Pharmacy (dark) 5801 Brooklyn Blvd 12,970 SF Retail Building Brooklyn Center, MN 55429 $4,101,000 ($316.19/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
$4,101,000
Price Per SF
$316.19
Cap Rate
8.60%
NOI
$352,695
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 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| 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 | $1,919,000 |
| Land Assessment | $598,000 | Total Assessment | $2,517,000 |
Property Taxes
Parcel Number
03-118-21-13-0100
Land Assessment
$598,000
Improvements Assessment
$1,919,000
Total Assessment
$2,517,000
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CVS Pharmacy (dark) | 5801 Brooklyn Blvd
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