CVS Pharmacy for Sale in Duluth, MN
Duluth, MN
Key Investment Metrics
Price
$7,595,000
Cap Rate
6.0%
Net Operating Income
$455,713
Building Size
13728 SF
Land Area
1.61 Acres
Remaining Term
14.5 years
Lease Expiration
01/30/2041
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
FMV in Options 3-10
Property overview
CVS Pharmacy in Duluth
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,728 SF
- Land area
- 1.61 acres
- Year built
- 2014
- Lease type
- Absolute NNN
- Lease expiration
- 01/30/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.