CVS

3808 East Washington Street, Indianapolis, IN 46201
$1,884,720

Cap Rate
8.75%
Price Per SF
$197
Gross SQFT
12,585
Year Built
1997
Term Remaining
±1.5 YRS
NOI
$165,500
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Established Long-Term Tenancy – CVS has been operating at this location since 1995, demonstrating strong commitment and stability
  • Corporate Guarantee – Backed by CVS corporate, providing a secure and reliable investment.
  • Below Market Rent – CVS is paying well below current market rates, offering potential future upside for investors.
  • Hard Signalized Corner– Located at the intersection of E Washington Street & Sherman Dr, a major commercial thoroughfare which sees more than 36,600 vehicles daily.
  • Dense Surrounding Population – Positioned in a well-populated area with 3-mile population exceeding 117,169 residents and 5-mile population of more than 262,535 residents.
  • Growing Indianapolis Market – Indianapolis continues to experience economic growth, supporting retail and commercial expansion.
  • Established Retail Location – Surrounded by national and local retailers, driving consistent foot traffic to the area.
  • Industry Leader – CVS Health (NYSE: CVS) is one of the largest retail pharmacy chains in the U.S., operating over 9,000 locations nationwide.
  • Strong Financials – CVS Health reported over $300 billion in annual revenue, showcasing its financial strength and stability.

 


Broker of Record

  • Kyle Matthews
  • License No. RC52200195 (IN)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
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