CVS w/Over 14 Years Remaining — Sale in Duluth, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Duluth, MN 55802

Photos

CVS w/Over 14 Years Remaining — Sale in Duluth, MN, photo 1 of 2
CVS w/Over 14 Years Remaining — Sale in Duluth, MN, photo 2 of 2

Investment Figures

Cap rate
6.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Subject is a 13,728 Square-Foot CVS on a 1.29-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress and Located at a Signalized Intersection. The Absolute Net Lease is Corporate Guaranteed and has Over Fourteen Years Remaining, S&P Recently Updated Outlook to Stable Affirming Their BBB Rating. Investment Highlights: • Duluth is the Primary Medical Hub for the "Northland", Serving Over 47k Square Miles in Three States • CVS Sits Half a Block Away From Duluth's Medical Mile, St. Luke's and St. Mary's Hospitals, Who Recently Invested Over $1 Billion in the Region • Affluent Community with an Average Household Income of Over $87K within Five Miles of the Subject Asset, as of 2025 • Subject is 1 Mile from Downtown Duluth with a Population of 88k • Steady Traffic Counts on Superior Street (9k VPD) and 300' From London Road (13k VPD) (Source: CoStar, 2025) • Parks and Outdoor Recreational Facilities Nearby Include: The Lake Walk, Duluth Rose Garden, Canal Park, Great Lakes Aquarium, 12th Street Beach, Duluth Yacht Club, and More

Market Context

This retail in Duluth, MN is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Duluth, MN — view the full market.

Estimated Price per SF

$42.99/SF – $312.67/SF

Mid: $130.28/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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