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Lupe Development Partners Sells Fully Leased Retail Condo To Agree Realty

CVS – Anchored Space Trades for $6.5 Million
The retail condo occupied by CVS is located at 2001 Nicollet Ave. (CoStar)
The retail condo occupied by CVS is located at 2001 Nicollet Ave. (CoStar)
By Mark Iovanisci
CoStar Research
June 14, 2024 | 6:23 P.M.

Lupe Development Partners, a real estate developer based out of Minneapolis, has sold a 14,106-square-foot retail condo to Agree Realty Corp. for $6.5 million, equating to $464 per square foot.  The condo unit was fully leased at the time of sale to CVS, which has nine years remaining on its triple net lease.

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News | Lupe Development Partners Sells Fully Leased Retail Condo To Agree Realty