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    5801 Brooklyn Blvd Brooklyn Center, MN 55429

    Sponsored
    For Sale
    $6,243,000

    NNN Lease, Corporate Guarantee, High Traffic

    Property size:
    14,662 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple investment offers a 14,662 sq ft CVS Pharmacy in Brooklyn Center, MN, within the Minneapolis-St. Paul MSA. The property boasts a strong location at a signalized intersection with high daily traffic counts (49,200 vehicles) and convenient access to major highways (I-94 and Hwy 100). The absolute NNN lease features a corporate guarantee from CVS, the largest pharmacy chain in the US, with nearly 10 years remaining on the initial term and 10 (5-year) option periods. The property includes a drive-thru, maximizing convenience and sales. Situated in a dense retail corridor with strong tenant synergy, including Cub Foods, Walmart, T.J. Maxx, and others, the property benefits from a large consumer base. The 1.53-acre lot provides ample parking (64 spaces). The building, constructed in 2005, is zoned PUD/C2. The 5-mile trade area boasts a population of over 319,100 residents and 130,700 daytime employees, with an average household income of $93,812. This investment offers a 5.65% cap rate and a NOI of $352,718, with an asking price of $6,243,000 ($425.79/sq ft). The property's strong tenant, location, and lease terms make it an ideal, management-free investment opportunity.

    Property Features for 5801 Brooklyn Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,662 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    2005

    HighLights

    • $6,243,000 asking price for a Net Lease CVS Pharmacy.
    • Absolute NNN lease with corporate guarantee from CVS.
    • 10‑year remaining lease term with 10 (5‑year) options.
    • 14,662 square feet; $425.79/SF; 5.65% cap rate; $352,718 NOI.
    • Located in Brooklyn Center, MN (Minneapolis‑St. Paul MSA) at a high‑traffic intersection with excellent access to major roadways.
    • 1.53‑acre lot with 64 parking spaces; built in 2005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn Center
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3256387
    Latitude
    45.0609086

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    FAQs

    What type of property is this?
    Individual retail property - NNN Lease, Corporate Guarantee, High Traffic
    Where is this individual retail property located?
    The property is located at 5801 Brooklyn Blvd Brooklyn Center, MN.
    What is the asking price?
    The asking price for this property is $6,243,000.
    What are key features of this property?
    This property features: $6,243,000 asking price for a Net Lease CVS Pharmacy.; Absolute NNN lease with corporate guarantee from CVS.; 10-year remaining lease term with 10 (5-year) options.
    Request Owner's contact information
    5801 Brooklyn Blvd Brooklyn Center, MN 55429
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    Brooklyn Center, MN 55429
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5801 Brooklyn Blvd Brooklyn Center, MN 55429
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