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CVS 1195 Boblett St 17,340 SF Retail Building Blaine, WA 98230 $7,677,728 ($442.78/SF) 7% Cap Rate
Investment Highlights
- Extremely strong performing location with a low rent to sales ratio (contact broker for details)
- CVS is an investment grade tenant – S&P: BBB
- Over 7 years remain on the lease
- CVS assumed the lease from Rite Aid in 2025
- Absolute NNN – No landlord responsibilities
- Directly across from Blaine High School
Executive Summary
The 17,340 square-foot building benefits from its position at the corner of Boblett Street and State Highway 543 (10,000 VPD). The property is located just off Interstate 5, which experiences over 22,000 vehicles per day and is directly across from Blaine High School. Located less than one mile from the U.S./Canada border, the site draws from both local and cross-border traffic. The property benefits from limited competition, with the nearest national pharmacy located eight miles away. Surrounding national and regional retailers include IGA Market, Ace Hardware, McDonald’s, O’Reilly Auto Parts, Dollar Tree, Subway, TA Express, Burger King, and Taco Bell. The area is characterized by strong demographics, with an average household income of $119,350 and a population of over 16,900 within a five-mile radius.
CVS Health Corporation is a leading American healthcare company headquartered in Woonsocket, Rhode Island. Originally founded in 1963 as Consumer Value Stores, CVS has grown into a nationwide brand with more than 9,000 retail pharmacy locations across the United States. As one of the largest healthcare providers in the nation, CVS Health serves millions of patients daily through its network of retail stores, MinuteClinic walk-in clinics, and digital health platforms. The company plays a vital role in community-based healthcare, offering prescription fulfillment, vaccinations, chronic condition management, and preventative care services.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2034
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 400106-317420-0000 | Improvements Assessment | $2,890,028 |
| Land Assessment | $1,394,415 | Total Assessment | $4,284,443 |
Property Taxes
Presented by
CVS | 1195 Boblett St
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