2001 Nicollet Ave
Minneapolis, MN 55404
CVS Pharmacy · Multifamily Property For Sale · 63 Units
![2001 Nicollet Ave, Minneapolis, MN for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/rJSGbdklMwkmwf3xXwbpxHqyD-KFGjAAis41FlSwLY0/110/2001-Nicollet-Ave-Minneapolis-MN-Primary-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Lower Expenses Due to Condo Arrangement
- Only Mpls Drug Store Drive-Thru Within 5.9 miles - Only Drive-Thru Downtown
- 3 Other Pharmacies Were Recently Bought Out by CVS In the Area to Drive Prescription Business to the Location
- Serves Basic Grocery Needs of Immediate Neighborhood, With Few Nearby Supermarket Options
- 2 Downtown CVS Locations Were Vacated In 2019 Helping Funnel Traffic to This Location
- Recently Underwent an Extensive Enhancement Project
EXECUTIVE SUMMARY
This top-tier CVS offers a tremendous investment opportunity. Recently upgraded, this urban location serves the vibrant Eat Street Neighborhood, just outside of Downtown Minneapolis. The hard corner location is on a high traffic signalized intersection and features a drive-thru, coupled with rare off-street parking. This CVS has limited competition in close proximity, is strategically located near many medical facilities, and sits in a densely populated neighborhood. The Minneapolis-St. Paul MSA is home to nearly 4 million residents & is expected to continue to grow. This “essential business” has a rock solid lease structure with 12+ years remaining on an NNN condo basis. Rent bumps are offered in the option periods as well. In addition, since this is a condo location, the common area maintenance and expenses are less, since they are split amongst the building tenants - the tenant in turn benefits! CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services.
PROPERTY FACTS
LINKS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- Controlled Access
- Fitness Center
- On-Site Retail
- Elevator
- Smoke Detector
ZONING
Zoning Code | C2 |
Listing ID: 19715134
Date on Market: 5/29/2020
Last Updated:
Address: 2001 Nicollet Ave, Minneapolis, MN 55404
The Whittier Multifamily Property at 2001 Nicollet Ave, Minneapolis, MN 55404 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS
- Downtown Minneapolis Apartment Buildings
- Downtown St Paul Apartment Buildings
- South Minneapolis Apartment Buildings
- Northeast Minneapolis Apartment Buildings
- North Minneapolis Apartment Buildings
- Marcy-Holmes Apartment Buildings
- Merriam Park West Apartment Buildings
- Northwest Richfield Apartment Buildings
- West Fulton Apartment Buildings
- Hale Apartment Buildings
- Bancroft Apartment Buildings
- East Calhoun Apartment Buildings
- Uptown Minneapolis Apartment Buildings
- Lowry Hill Apartment Buildings
- East Lyn-Lake Apartment Buildings
NEARBY LISTINGS
- 912 22nd Ave S, Minneapolis MN
- 3537 11th Ave S, Minneapolis MN
- 2501 17th Ave S, Minneapolis MN
- 1117 7th St SE, Minneapolis MN
- 1910 Colfax Ave S, Minneapolis MN
- 3240 Fremont Ave S, Minneapolis MN
- 620 S 9th St, Minneapolis MN
- 1899 Selby Ave, Saint Paul MN
- 401 University Ave SE, Minneapolis MN
- 137 E 17th St, Minneapolis MN
- 3029 Garfield Ave S, Minneapolis MN
- 2200-2204 Hennepin Ave, Minneapolis MN
- 1529 38th St E, Minneapolis MN
- 509 6th St SE, Minneapolis MN
- 409 7th St, Minneapolis MN