CVS Pharmacy 25 2nd St NE

8,789 SF Retail Building Aitkin, MN 56431 $2,065,041 ($235/SF) 6.15% Cap Rate

INVESTMENT HIGHLIGHTS

  • CVS is an Investment grade rated tenant (S&P: BBB)
  • Favorable Option Structure: Six- 5 year options with a 10% increase in the first option and 5% thereafter
  • CVS has operated at this location since 2013, demonstrating their commitment to the site
  • CVS is the 6th ranked company in the fortune 500
  • Over ±10 years remaining on the original lease term
  • This property is located in a dense retail corridor with other national retailers such as, McDonald’s, Subway, Dairy Queen, Family Dollar, and more

EXECUTIVE SUMMARY

Broker of Record
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,789 SF
Building Class
C
Year Built
2007
Price
$2,065,041
Price Per SF
$235
Cap Rate
6.15%
NOI
$127,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
197 FT on 1st Ave NE

AMENITIES

  • Pylon Sign
  • Wheelchair Accessible
  • Air Conditioning

NEARBY MAJOR RETAILERS

Snap Fitness 24/7
Old National Bancorp

PROPERTY TAXES

  • Listing ID: 33398713

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 25 2nd St NE, Aitkin, MN 56431