Net Leased CVS
1195 Boblett St, Blaine, WA 98230
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Single tenant CVS property with over 7 years remaining.
Type:Retail
Property size:
17,340 SFPrice / SF:
$442/SF- Added:
- Jan 29, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1195 Boblett St
General Information
- Standard status
- Active
- Size
- 17,340 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2014
Listing agent Brian Brockman License #BRK.200900214
Listing office Bang Realty (888) 737-2264
Listing date Jan 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
HighLights
- Absolute NNN lease with CVS (investment grade tenant, “BBB” S&P rating) assumed from Rite Aid in 2025, providing a passive income stream.
- Strong performing CVS location with low rent‑to‑sales ratio.
- Over 7 years remaining on the lease term with six 5‑year renewal options.
- Strategic location less than one mile from the U.S./Canada border.
- Limited competition with the nearest national pharmacy located eight miles away.
- Strong demographics with an average household income of $119,350 and a population of over 16,900 within a five‑mile radius.
Overview
This single tenant net leased CVS property is located in Blaine, Washington. CVS assumed the lease for this location from Rite Aid in 2025. The lease is absolute triple net (NNN), with no landlord obligations. Over 7 years remain on the lease, and it includes six 5-year renewal options. CVS holds a “BBB” Standard & Poor’s credit rating. The 17,340 square-foot building is positioned at the corner of Boblett Street and State Highway 543, which experiences 10,000 vehicles per day. The property is located just off Interstate 5, which experiences over 22,000 vehicles per day and is directly across from Blaine High School. Located less than one mile from the U.S./Canada border, the site draws from both local and cross-border traffic. The property benefits from limited competition, with the nearest national pharmacy located eight miles away. Surrounding national and regional retailers include IGA Market, Ace Hardware, McDonald’s, O’Reilly Auto Parts, Dollar Tree, Subway, TA Express, Burger King, and Taco Bell. The area is characterized by an average household income of $119,350 and a population of over 16,900 within a five-mile radius. This is a strong performing location that boasts a low rent-to-sales ratio.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rite Aid Pharmacy
Pharmacy
Redbox
Cinema
Rite Aid
Pharmacy
higi
Physician
Rite Aid Photo
Pharmacy
Similar Places Nearby
- Rite Aid Pharmacy — 1195 Boblett St, Blaine, WA 98230
- QuikPlus — 1124 Fir Ave #176, Blaine, WA 98230
- Rite Aid Photo — 1195 Boblett St, Blaine, WA 98230
- Benjamin Li — 1733 H St #500, Blaine, WA 982305156
- Sun Force International Products Inc. — 1685 H St, Blaine, WA 98230
Location Insight
- Map
- Local Demand
- City
- Blaine
- County
- Whatcom
- State
- Washington
- Longitude
- -122.734389
- Latitude
- 48.990519
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FAQs
What type of property is this?
Drug store - Single tenant CVS property with over 7 years remaining.
Where is this drug store located?
The property is located at 1195 Boblett St Blaine, WA.
What is the asking price?
The asking price for this property is $7,677,728.
What are key features of this property?
This property features: Absolute NNN lease with CVS (investment grade tenant, “BBB” S&P rating) assumed from Rite Aid in 2025, providing a passive income stream.; Strong performing CVS location with low rent‑to‑sales ratio.; Over 7 years remaining on the lease term with six 5‑year renewal options.
