25 2nd St NEAitkin, MN 56431
CVS Pharmacy
Asset ClassRetail
STNL CVS
Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Aitkin, MN. The lease has approximately 11 years remaining and six 5-year renewal options with 10% rental escalation in the first option and 5% in each option thereafter. Additionally, the property features a drive-thru pharmacy. CVS Pharmacy is an investment-grade rated company with a Standard and Poor’s rating of BBB.
Investment Highlights
- CVS is an investment grade rated tenant (S&P: BBB)
- Corporate CVS Guarantee
- 15,782 people living within five miles of the property earning an average annual household income of $77,831
- Over 11 years remaining on the primary lease term
- CVS has operated at this location since 2013 which demonstrates their commitment to the site
- Located along 2nd Street NE (9,400 VPD)
- Tenants in the area Family Dollar, O’Reilly, Subway, Dairy Queen, McDonald’s and several others
- Limited drug store competition in the area (Only national drug store chain within 29 miles)
- 10% rental escalation in the first option and 5% thereafter
25 2nd St NEAitkin, MN 56431
Sales Team
Listing provided by Revere CRE