CVS Pharmacy | NN Lease
$2,146,342
25 2nd Street Northeast, Aitkin, MN 56431
For Sale
Retail
Unknown Sub Type
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
Documents:
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Offering Memorandum
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Location
Gallery
