Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire the fee simple interest in 17435 County Road 6, a 9,656 SF single-tenant building located in Plymouth, MN. The property was built-to-suit in 2019 and is occupied by CVS Pharmacy (NYSE: CVS Rated “BBB” by S&P).
Located on a hard signalized intersection, CVS has premium visibility to over 17,800 VPD along Co Road 6 and 18,724 VPD along Co Road 101. Plymouth is located 10-miles west of downtown Minneapolis and regarded as one of the most affluent suburbs of the metropolitan area.
The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. CVS has a total NOI of $454,891 with rent increases in 2029 and 2039, which is guaranteed by CVS through the remaining 19 years of firm lease term. The lease offers 5, 5-year renewal options, with 5% rent increases at each option.