Drive-Thru Equipped Retail
5801 Brooklyn Blvd, Brooklyn Center, MN 55429
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Corporate guaranteed, absolute NNN retail property in Brooklyn Center, MN.
Type:Retail
Property size:
14,662 SFPrice / SF:
$245/SF- Added:
- Feb 9, 2023
- Days on Market:
- 1243
- Last Refresh:
- Jun 21 at 9:19 am
Property Features for 5801 Brooklyn Blvd
General Information
- Standard status
- Active
- Size
- 14,662 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office SRS Real Estate Partners Chicago (312) 279-5345
Listing date Feb 9, 2023
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 SRS Real Estate Partners Chicago
HighLights
- Absolute NNN lease offering a management‑free, passive investment.
- Corporate guarantee by Grand St. Paul CVS, L.L.C. (S&P: BBB | NYSE: CVS) with 6+ years of firm term remaining.
- Located at a signalized, hard corner intersection with high traffic counts (49,200 VPD) and easy access to major interstates (I‑94: 134,000 VPD & Highway 100: 81,000 VPD).
- Drive‑thru equipped building, maximizing sales and customer convenience.
- Situated within a dense retail trade area near major shopping centers and national/credit tenants.
- High density 5‑mile trade area with strong demographics: 314,100+ residents, 126,600 daytime employees, and an average household income of $99,347.
Overview
This retail property is located at the signalized corner of Bass Lake Road and Brooklyn Boulevard in Brooklyn Center, MN, part of the Minneapolis - St. Paul MSA. The freestanding building, equipped with a drive-thru, is situated in a dense retail trade area near Brookdale Corner, Crystal Center, Shingle Creek Crossing, and other major shopping centers. Nearby national and credit tenants include Cub Foods, Walmart Supercenter, T.J. Maxx, LA Fitness, Sun Foods, Target, Marshalls, Starbucks, and AutoZone. The location benefits from high traffic volume, with 49,200 vehicles passing by daily at the intersection, and convenient access to Interstate 94 (134,000 VPD) and State Highway 100 (81,000 VPD). The property is also within walking distance of multiple apartment complexes, including Sonder House (127 units), Sonder Point (143 units), and Twin Lake North (276 units), providing a direct residential consumer base. The 5-mile trade area has over 314,100 residents and 126,600 daytime employees, with an average household income of $99,347. The property was formerly a CVS Pharmacy, and the lease is guaranteed by Grand St. Paul CVS, L.L.C. The tenant has 6+ years of firm term remaining. The lease is absolute NNN with zero landlord responsibilities.
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 | $263.9k | $18.00 |
| − Vacancy | −$17.2k | −$1.17 |
| EGI | $246.8k | $16.83 |
| − OpEx | −$61.7k | −$4.21 |
| NOI | $185.1k | $12.62 |
14,662 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $185,071 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$2.32M
$2.03M – $2.70M
NOI $162,296 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,863 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Bodyadora — 3220 County Rd 10 #115, Brooklyn Center, MN 55429
- CVS — 5801 Brooklyn Blvd, Brooklyn Center, MN 55429
- CVS Pharmacy — 5801 Brooklyn Blvd, Brooklyn Center, MN 55429
- Cub Pharmacy — 3245 County Rd 10, Brooklyn Center, MN 55429
- Icey Bodies — 6211 Brooklyn Blvd, Brooklyn Center, MN 55429
Location Insight
- Map
- Local Demand
- City
- Brooklyn Center
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3257093
- Latitude
- 45.0607251
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Corporate guaranteed, absolute NNN retail property in Brooklyn Center, MN.
Where is this drug store located?
The property is located at 5801 Brooklyn Blvd Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Absolute NNN lease offering a management‑free, passive investment.; Corporate guarantee by Grand St. Paul CVS, L.L.C. (S&P: BBB | NYSE: CVS) with 6+ years of firm term remaining.; Located at a signalized, hard corner intersection with high traffic counts (49,200 VPD) and easy access to major interstates (I‑94: 134,000 VPD & Highway 100: 81,000 VPD).
