NNN Condo Lease: Rock-solid lease structure with 9 years remaining on a NNN condo basis. Rare "national drug store" rent bumps are offered in the option periods. In addition, since this is a condo location it offers lower ongoing tenant obligations, keeping the effective rent in check. Condo ownership is inside walls only and CVS manages everything. The HOA handles all exterior maintenance and CVS pays for everything that is charged.
Recent Building Improvements: CVS strategically consolidated some stores and funneled attention to this well-located Minneapolis unit. Recently remodeled and enhanced, this urban location serves the vibrant Eat Street Neighborhood, just on the edge of Downtown Minneapolis.
Key Building Features: This CVS features a drive-thru that the city of Minneapolis grandfathered for this property and is irreplaceable. This CVS is the only Minneapolis pharmacy with a drive-thru within nearly 6 miles. This property also has rare off-street, surface parking which is exclusive to the retail tenants in the building.
Strategic Retail Location: This key CVS location is on a hard corner at a high-traffic, signalized intersection with four major bus lines at the intersection. This location has limited competition nearby and is strategically located within a major healthcare corridor for the community, with 3 clinics nearby and in a densely populated neighborhood. This CVS also serves basic grocery needs for the immediate neighborhood which has few nearby supermarkets.
Great Market & Demographics: The Minneapolis-St. Paul MSA is home to nearly 4 million residents and is expected to continue to grow. The area is densely populated with over 501,000+ people within a 5-mile radius of the subject property, with an average household income of over $99,000.
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What is the asking price for 2001 Nicollet Avenue in Minneapolis?
The asking price for 2001 Nicollet Avenue is $7,000,000
What is the building size of this Retail property in Minneapolis, MN?
The size of the building/unit at 2001 Nicollet Avenue in Minneapolis is 14,109 square feet
How much land does the Minneapolis, MN property at 2001 Nicollet Avenue include?
2001 Nicollet Avenue in Minneapolis includes 1.220 acres of land
What kind of Retail is the propery at 2001 Nicollet Avenue?
The property at 2001 Nicollet Avenue Minneapolis, MN 55404 is listed as a Other Retail Retail property
What is the population within 1 mile of 2001 Nicollet Avenue in Minneapolis?
The population within 1 mile of 2001 Nicollet Avenue Minneapolis, MN 55404 is 50,687 people.
Who do I contact for questions about 2001 Nicollet Avenue?
You should contact the listing agent,
Brian Brisky, for any details regarding this commercial listing.
