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789 State Route 39 Bypass - CVS, Martinsville, IN

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789 State Route 39 Bypass - CVS

Martinsville, IN 46151 - Morgan County Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1998
Building Size:12,608 SF Land Area:.84 AC (36,590 SF)
For Sale Price:$3,242,000 Price/SF:$257.14
Cap Rate:7.10 %
Parking:Free Surface spaces are available; Ratio of 6.25/1,000 SF
Features:Drive Thru

Sale Notes:
CVS / BBB+ Credit. Strong Sales / Over $9.4M / High Profit Store with very low Rent-to-Sales Ratio of 2.17%. 18 years of proven historical occupancy. 2 years remain on term with 4 (5-YR) Options to extend. Has Drive-Thru.
Hard Corner Location. (2) Monument Signs. State Hwy 39 visibility & access. Surrounded by residential, schools and other retailers. Very limited drug store competition. 27 miles from Indy International Airport and 18 miles north of Bloomington. Indianapolis MSA.

Faris Lee Investments
Jeff Conover
(949) 221-1810

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