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

  • 7 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, CVS Pharmacy investment property located in Brooklyn Center, MN (Minneapolis - St. Paul MSA). The tenant, Grand St. Paul CVS, L.L.C., has 7 years of firm term remaining with 10 (5-year) option periods left to extend. 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. CVS is the largest pharmacy chain in the United States with more than 9,100 stores across all 50 states, District of Columbia, and Puerto Rico.

FOR SALE DETAILS

PRICE

$4,865,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

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.