Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2196 White Bear Ave Maplewood, MN 55109

    Sponsored
    For Sale
    $3,600,000

    High-yield, NNN leased CVS Pharmacy

    Property size:
    15,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a CVS Pharmacy in Maplewood, MN, boasting a 15,108 square foot building on a 1.72-acre lot. The property features an absolute NNN lease with a credit-rated tenant (CVS Pharmacy), offering a hands-off investment with zero landlord responsibilities. The lease, commencing December 22, 2005, has a remaining term of 6.2 years with 10 five-year options, extending to January 31, 2031. The property enjoys a 100% occupancy rate, generating a strong NOI of $379,811 and a compelling 10.55% cap rate. Built in 2005, this strategically located property benefits from a high-visibility hard corner location, situated across from a medical clinic within a dense residential and retail area near major city/county government buildings. The CVS location includes a Minute Clinic, Health Hub, and drive-thru, further enhancing its appeal and profitability. A significant three-year rent credit at closing fully covers landlord expenses during the tenant's initial three-year rent holiday. The asking price is $3,600,000. This presents a rare opportunity to acquire a high-performing, low-risk investment in a thriving Minnesota market.

    Property Features for 2196 White Bear Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,108 SF
    Lot Size
    74,923 SF

    Building Details

    Year Built
    2005

    HighLights

    • Absolute NNN lease with zero landlord responsibilities.
    • High‑visibility hard corner location.
    • Located across from a medical clinic in a dense residential and retail area.
    • Proximity to major city/county government buildings.
    • CVS Pharmacy with Minute Clinic, health hub, and drive‑thru.
    • Three‑year rent credit at closing covers landlord expenses during tenant's initial three‑year rent holiday.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.024773456134
    Latitude
    45.006747805665

    Nearby Comparable

    • $4,739,433
      15,108 SF

      Maplewood Retail Property For Sale

      NNN lease property in a dense residential and retail area.
      2196 White Bear Ave, Maplewood, MN 55109
      View Details
    • $1,990,000
      15,605 SF

      Maplewood Flex Building - $1.99M

      Rare Owner-User Opportunity in Maplewood, MN
      2075 Prosperity Rd, Maplewood, MN 55109
      View Details
    • Contact for pricing
      6,000 SF

      Maplewood Retail Space - High Traffic Area

      Prime Retail Location, Build-to-Suit, High Visibility
      2525 White Bear Ave, Maplewood, MN 55109
      View Details
    • $215,000
      1,038 SF

      North Saint Paul Condo

      Two-bedroom condo in 55+ building with heated parking.
      2231 Penn Pl, Saint Paul, MN 55109
      View Details
    • $750,000
      1.27 Acres

      Maplewood Mixed-Use Investment Opportunity

      Rare mixed-use property with immediate cash flow and future upside.
      1201x Frost Ave, Maplewood, MN 55109
      View Details
    • $603,806

      Commercial Land Available, Maplewood

      Commercial land for sale in Maplewood, MN.
      2836 White Bear Ave, Maplewood, MN 55109
      View Details
    • $3,000,000
      Pending

      Saint Paul Apartment Buildings

      Two multifamily buildings for sale in Saint Paul, Minnesota.
      1391 Hazelwood St, Saint Paul, MN 55106
      View Details
    • $389,999
      1,725 SF

      Spacious Duplex in Saint Paul

      Side-by-side duplex with flexible layout and income potential.
      1474 Mcafee St, Saint Paul, MN 55106
      View Details
    • Contact for pricing
      96,500 SF

      Industrial Site with Heavy Utility

      30.4-acre site with rail access and heavy utility infrastructure.
      1300 Mcknight Rd N, Maplewood, MN 55119
      View Details
    • $1,411,430
      6,175 SF

      Maplewood Retail Property For Sale

      Retail property with corporate lease and high-traffic location.
      2036 County Road D Ct East, Maplewood, MN 55109
      View Details
    • $254,900
      1,727 SF

      End Unit Townhome With Garage

      Townhome with finished basement, garage, and open design.
      1229 Clarence St, Saint Paul, MN 55106
      View Details

    Nearby Similar for Sale

    • $750,000
      1.27 Acres

      Maplewood Mixed-Use Investment Opportunity

      Rare mixed-use property with immediate cash flow and future upside.
      1201x Frost Ave, Maplewood, MN 55109
      View Details
    • Contact for pricing
      96,500 SF

      Industrial Site with Heavy Utility

      30.4-acre site with rail access and heavy utility infrastructure.
      1300 Mcknight Rd N, Maplewood, MN 55119
      View Details
    • $1,411,430
      6,175 SF

      Maplewood Retail Property For Sale

      Retail property with corporate lease and high-traffic location.
      2036 County Road D Ct East, Maplewood, MN 55109
      View Details
    • $310,000
      2,389 SF

      Medical/Office Space in Maplewood Hub

      Medical/office space with high visibility and ample parking.
      1560 Beam Ave, Maplewood, MN
      View Details
    • $4,739,433
      15,108 SF

      Maplewood Retail Property For Sale

      NNN lease property in a dense residential and retail area.
      2196 White Bear Ave, Maplewood, MN 55109
      View Details
    • $3,950,000
      20,900 SF

      Maplewood Office Building For Sale

      20,900 SF office building available in Maplewood, Minnesota.
      1850 E Beam Ave, Maplewood, MN
      View Details
    • Contact for pricing
      6,000 SF

      Maplewood Retail Space - High Traffic Area

      Prime Retail Location, Build-to-Suit, High Visibility
      2525 White Bear Ave, Maplewood, MN 55109
      View Details
    • $1,990,000
      15,605 SF

      Maplewood Flex Building - $1.99M

      Rare Owner-User Opportunity in Maplewood, MN
      2075 Prosperity Rd, Maplewood, MN 55109
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN leased CVS Pharmacy
    Where is this individual retail property located?
    The property is located at 2196 White Bear Ave Maplewood, 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 with zero landlord responsibilities.; High-visibility hard corner location.; Located across from a medical clinic in a dense residential and retail area.
    (320) 980-2300
    Request Owner's contact information
    2196 White Bear Ave Maplewood, MN 55109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2196 White Bear Ave
    Maplewood, MN 55109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2196 White Bear Ave Maplewood, MN 55109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.