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CVS Pharmacy 25 2nd St NE

8,789 SF Retail Building Aitkin, MN 56431 $2,927,134 CAD ($333 CAD/SF) 6.15% Cap Rate

Retail Buildings Minnesota Aitkin 25 2nd St NE, Aitkin, MN 56431

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
$2,927,134 CAD
Price Per SF
$333 CAD
Cap Rate
6.15%
NOI
$180,019 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.57 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Frontage
197 ft on 1st Ave NE

Amenities

  • Pylon Sign
  • Wheelchair Accessible
  • Air Conditioning

Links

1 of 1

Nearby Major Retailers

Snap Fitness 24/7
Bremer Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 56-1-003401
  • 56-1-004601
  • 56-1-002802
  • 56-1-002900
  • 56-1-003300
 Improvements Assessment $708,229 CAD
Land Assessment $202,831 CAD Total Assessment $911,061 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 56-1-003401
  • 56-1-004601
  • 56-1-002802
  • 56-1-002900
  • 56-1-003300
Land Assessment
$202,831 CAD
Improvements Assessment
$708,229 CAD
Total Assessment
$911,061 CAD
(615) 656-3297

Contacts

  • Listing ID: 33398713

  • Date on Market: 2024-10-03

  • Last Updated:

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

The Retail Property at 25 2nd St NE, Aitkin, MN 56431 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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CVS Pharmacy | 25 2nd St NE
(615) 656-3297 x

CVS Pharmacy | 25 2nd St NE

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Richard Cole

(615) 656-3297

(615) 656-3297

Josh Ein

(202) 536-3726

(202) 536-3726

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