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
LEAD LISTING AGENT
Email
josh.bishop@matthews.com
License No.
688810 (TX)
Direct
+1 (214) 692-2289
Mobile
+1 (315) 730-6228
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