CVS

301 N Grand Ave, Connersville, IN
Deal Type:
Net Lease
Price:
$5,727,030
Cap Rate:
5.25%
Current Rent:
$300,669
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
Ten, Five-year options
Building Sq. Ft.:
13,075 SF
Site Size:
2.00 Acres

Investment Highlights

  • Absolute NNN with no landlord obligations – providing a passive investment opportunity
  • CVS just signed a new 15- year lease showing their long term commitment to this location
  • Corporately guaranteed by CVS, the largest pharmacy chain in the U.S. | S&P “BBB+”
  • Strategic hard corner location with daily traffic count of more than 17,780 vehicles per day (combined at intersection)
  • Connersville serves as the retail and employment hub for the immediate trade area
  • Limited competition: +/- 24 miles to nearest Walgreens pharmacy ~ CVS is the dominant local pharmacy

Listing Agents

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

Adam Baxter

Vice President
205 394 3520
Abaxter@stream-cp.com

Jordan Williams

Senior Associate
205 209 5671
Jwilliams@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187I

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