• CVS Pharmacy - 2001 Nicollet Ave, Minneapolis, MN 55404

For Sale

Retail

For Sale

This property is available for sale
14,109
SF
$8,587,409
Sale Price
  • Year Built
    2008
  • Overview

    Need Description 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 absolute net 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.

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Property Details

Need Description 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 absolute net 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 Type
    Retail
  • Submarket
  • Year Built
    2008
  • Sale Price
    $8,587,409
  • Total Building Size
    14,109RSF
  • Sale Status
    Available
  • Last updated
    Jul 01, 2020
  • Property ID
    2152862

Landlord's Sales Representative

  • Brian Brisky
    Brisky Commercial Real Estate