CVS Maple Grove - Ground Lease

 Retail / Posted 2 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 60 views

  • Price : $2,650,000
  • Cap Rate : 4.71%
  • Net Operating Income : $125,000
  • Tenant : CVS
  • Lease Type : Ground Lease
  • Lease Term Remaining (Years) : 10.5 Years
  • Building Size (SF) : 14,551
  • Land Area (SF) : 0
  • Land Area (Acres) : 1.70
  • Year Built : 2004

The CVS ground lease is ideally located at the intersection of Bass Lake Road and Interstate-494 in Maple Grove, Minnesota. Nearby traffic counts on Interstate-494 average 78,000 vehicles per day, and Bass Lake Road tallies 27,500 vehicles daily. Providing access to both downtown Minneapolis and St. Paul, Interstate-494 is one of the most traveled west to east thoroughfares in the Twin Cities. Across Interstate-494 is Eagle Lake Regional Park and several lakes. Less than 5 miles southeast of the property, along the interstate, is Arbor Lakes, a commercial and residential district located in downtown Maple Grove. The property is approximately 15 miles from Downtown Minneapolis and 25 miles from the capitol in St. Paul.

 

6300 Wedgewood RdMaple Grove,United States,55311

Keith Sturm
Upland Real Estate Group, Inc.

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www.nnnsales.com