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NNN CVS - Walkerton, IN 300 Liberty St

7,400 SF Retail Building Walkerton, IN 46574 £481,290 (£65/SF) 8.85% Net Initial Yield

Investment Highlights

  • Recent Option renewal with Rental Increase
  • Low Rent
  • Long Standing Operating History as a Pharmacy since 1974
  • Nearest CVS is over 16 Miles Away

Executive Summary

True NNN Corporate guaranteed CVS Lease with Low Rent and scheduled Rental Increases. CVS recently exercised their option with a rental increase. No other pharmacies within 17 miles of this location.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
7,400 SF
Building Class
C
Year Built
1974
Price
£481,290
Price Per SF
£65
Net Initial Yield
8.85%
NOI
£42,606
Tenancy
Single
Number of Floors
1
Building FAR
0.35
Land Acres
0.48 AC
Zoning
C - commercial districts, which are areas that allow commercial uses.
Parking
33 Spaces (4.46 Spaces per 1,000 SF Leased)

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 7,400 SF
  • £5.76
  • Triple Net
  • Jul 2029

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 Type Lease End
Retailer 7,400 SF £5.76 Triple Net Jul 2029

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-16-24-152-008.000-015
Land Assessment
£78,979
Improvements Assessment
£90,183
Total Assessment
£169,162
  • Listing ID: 31794626

  • Date on Market: 14/05/2024

  • Last Updated:

  • Address: 300 Liberty St, Walkerton, IN 46574

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