1221 W Monroe St - Drug Store FOR SALE


Decatur, IN 46733
$2,393,443 USD
404-441-3849
1221 W Monroe St, Decatur, IN for Sale
$2,393,443 USD
Drug Store - FOR SALE
1/5
null | 6.1% Cap Rate

1221 W Monroe St
Decatur, IN 46733


HIGHLIGHTS

  • Rent increases by 26.81% in the first option.
  • Absolute NNN Lease with Corporate Guaranty
  • Top Visited Location
  • Long-Term Operating History
  • Proximate to Traffic Drivers

OVERVIEW

This investment offering features a corporate-guaranteed CVS Pharmacy located in Decatur, Indiana, backed by approximately 13.1 years remaining on an absolute NNN lease that extends through 2039. Supported by CVS Health Corporation—an investment-grade tenant (S&P: BBB) with 2025 revenues exceeding $402 billion—the asset has a 27-year operating history since 1999, a notable 26.81% rent escalation in its first renewal option, and ten 5-year extension terms, alongside ranking among the top 31% of CVS locations in Indiana by visitor volume. Positioned on a signalized hard corner at West Monroe Street and North 13th Street with strong combined traffic counts, the property is anchored within Decatur's primary retail and industrial corridor surrounded by 1.1 million square feet of retail and 1.5 million square feet of industrial space, major national brands like Walmart Supercenter and Kroger, Adams Memorial Hospital, local schools, and a steady trade area population of over 15,000 residents within a 5-mile radius.

FOR SALE DETAILS

PRICE

$2,393,443 USD

PRICE/SF

$235 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS: Decatur, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

01-05-03-106-011.000-022,01-05-03-106-024.000-022,01-05-03-106-031.000-022,01-05-03-106-042.000-022,01-05-03-106-050.000-022

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.