5801 Brooklyn Blvd - Drug Store FOR SALE


Brooklyn Center, MN 55429
$4,865,000 USD
312-279-5342
5801 Brooklyn Blvd, Brooklyn Center, MN for Sale
$4,865,000 USD
Drug Store - FOR SALE
1/9
null | 7.25% Cap Rate

5801 Brooklyn Blvd
Brooklyn Center, MN 55429


HIGHLIGHTS

  • Dark Tenant - 6+ Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Major Surrounding Shopping Centers | Strong Tenant Presence | Limited Competition | Crystal Airport
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | Excellent Visibility & Access

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,865,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy (dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

PUD, C-2

APN/PARCEL ID

03-118-21-13-0100

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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