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Drug Store

CVS w/Over 14 Years Remaining

1215 E Superior St, Duluth, MN 55802

Listing Price: $7,470,705

Cap Rate
6.10%
Tenant Name
CVS
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
13,728
Lease Type
Absolute Net
Rent Per Square Feet
$33.20

Investment Overview

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

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Drug Store

CVS w/Over 14 Years Remaining

Listing Price: $7,470,705

Cap Rate
6.10%
Tenant Name
CVS
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
13,728
Lease Type
Absolute Net
Rent Per Square Feet
$33.20

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

Investment Overview

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.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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