17435 County Road 6 - Drug Store FOR SALE


Plymouth, MN 55447- Plymouth-Wayzata
$8,051,168 USD
646-841-0627
17435 County Road 6, Plymouth, MN for Sale
$8,051,168 USD
Drug Store - FOR SALE
1/2
null | 5.65% Cap Rate

17435 County Road 6
Plymouth, MN 55447
Plymouth-Wayzata


HIGHLIGHTS

  • Absolute NNN - Zero Landlord Responsibilities
  • Corporate Guarantee
  • Long-Term Lease with Rental Increases
  • Signalized Intersection with High Visibility
  • Affluent Demographics
  • Dominant Local Market Share

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,051,168 USD

PRICE/SF

$834 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

29-118-22-33-0045

ASK ABOUT THIS PROPERTY

Jason MaierNorthmarqMore Info
646-841-0627

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Jason MaierNorthmarqMore Info
646-841-0627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.