Freestanding CVS Retail
1215 E Superior St Duluth, MN 55802
New
1215 E Superior St, Duluth, MN, 55802
$7,595,000
For Sale
$7,595,000
Single-tenant CVS on a 1.29-acre lot with ample parking, pylon signage, and signalized intersection access.
Property Size13,728 SF
Lot Size1.29 Acres
Price / SF$553.25
Days on Market2
Property Features for 1215 E Superior St
General Information
- Standard status
- Active
- Size
- 13,728 SF
- Lot size
- 1.29 Acres
- Property subtype
- Drug Store
Listing Agency
(212) 430-5291
Listed by
Jesse Limon · License #License(s): NY: 10401271892
(212) 430-5291
Source
Marcusmillichap
Added: Jul 17 Checked: Jul 18 at 2:47 am
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 Jesse Limon
Investment Insights
Based on property information with market context.
The subject property is a 13,728-square-foot freestanding CVS on a 1.29-acre lot. The site includes ample parking and is supported by pylon signage. This is a corporate-guaranteed absolute net lease with over fourteen years remaining, and S&P recently updated its outlook to stable while affirming its BBB rating.
The building is located at a signalized intersection with easy ingress and egress, providing straightforward access for customers and deliveries.
The offering includes the full CVS facility and its site improvements as described in the public remarks.
The building is located at a signalized intersection with easy ingress and egress, providing straightforward access for customers and deliveries.
The offering includes the full CVS facility and its site improvements as described in the public remarks.
Key Highlights
- 13,728 SF CVS on a 1.29‑acre lot with ample parking
- Absolute net lease with corporate guarantee and over 14 years remaining
- Located at a signalized intersection with easy ingress/egress
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $570.0k | $41.52 |
| − Vacancy | −$73.0k | −$5.31 |
| EGI | $497.0k | $36.21 |
| − OpEx | −$124.3k | −$9.05 |
| NOI | $372.8k | $27.15 |
13,728 SF · lease $41.52/SF/yr · vacancy 12.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.33M
$4.66M – $6.21M
NOI $372,771 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,730 @ 7.0% cap · market cap 1.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
UPS Access Point ...
Courier Service
CVS Pharmacy
Pharmacy
CVS
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- David R. Salo, PharmD — 407 e 3rd st, duluth, mn 55805
- Ronald S. Harlander Jr, DR — 400 e 3rd st, duluth, mn 55805
- Jillene Beuke, PharmD — 400 e 3rd st, duluth, mn 55805
- Danielle MacDonald, PharmD — 407 E 3rd St, Duluth, MN 55805
- Reasor Properties Inc — 230 E Superior St, Duluth, MN 55802
FAQs
What type of property is this?
Drug store - Single-tenant CVS on a 1.29-acre lot with ample parking, pylon signage, and signalized intersection access.
Where is this drug store located?
The property is located at 1215 E Superior St Duluth, MN.
What is the asking price?
The asking price for this property is $7,595,000.
What are key features of this property?
This property features: 13,728 SF CVS on a 1.29‑acre lot with ample parking; Absolute net lease with corporate guarantee and over 14 years remaining; Located at a signalized intersection with easy ingress/egress
