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CVS Pharmacy | NN Lease

$2,146,342

25 2nd Street Northeast, Aitkin, MN 56431

Active
Last Updated: 10/18/2024

6.15

Cap Rate

8,789 sqft

Building Size

Details:
Cap Rate:    6.15%
Building Size:    8,789 sqft
Lease Type:    Double Net
Year Built:    2007
Price Per Sqft:    $235
Roof:    Landlord's Responsibility
Highlights:
  • CVS is an Investment grade rated tenant (S&P: BBB)
  • CVS is the 6th ranked company in the fortune 500
  • Favorable Option Structure: Six- 5 year options with a 10% increase in the first option and 5% thereafter
  • Over ±10 years remaining on the original lease term
  • CVS has operated at this location since 2013, demonstrating their commitment to the site
  • Located by a major hospital (Riverwood Healthcare Center)
  • This property is located in a dense retail corridor with other national retailers such as, McDonald’s, Subway, Dairy Queen, Family Dollar, and more
  • Limited Competition: This CVS is the only national brand drugstore chain within ±29 miles
Map:
Documents:
Title
Offering Memorandum
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Location
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