7765 Galpin Blvd - Drug Store FOR SALE
Chanhassen, MN 55317 |
7765 Galpin Blvd
Chanhassen, MN 55317
HIGHLIGHTS
- PREMIER LOCATION IN A HIGHLY AFFLUENT SUBURB: Situated in Chanhassen, the second wealthiest suburb, with an impressive average household income
- FUNDAMENTAL REAL ESTATE APPEAL: Strategically located just 20 miles from downtown Minneapolis within the Twin City MSA on corner
- EFFORTLESS INVESTMENT WITH ZERO LANDLORD RESPONSIBILITIES: Benefits from an absolute NNN ground lease
- NATIONALLY RECOGNIZED TENANT WITH STRONG CREDIT RATING: Secured by a corporate-backed guarantee from CVS
- LUCRATIVE RENTAL OPPORTUNITY: Enjoy a substantial 20% rent increase during the initial option period
- ATTRACTIVE BELOW-MARKET RENT: Current tenant pays $9.22 per SF, presenting a replaceable amount in the market
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
12972
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
25.2860020
