1500 Hart St - Drug Store FOR SALE
Vincennes, IN 47591 |
$1,740,000 USD
214-972-6688
1500 Hart St
Vincennes, IN 47591
HIGHLIGHTS
- Long-Term Lease Stability – 16 Years Remaining: The property benefits from a secure, long-term lease with approximately 16 years remaining
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities: The tenant is fully responsible for all property expenses
- Strategically Positioned at a High-Traffic, Signalized Intersection: The property is prominently located at the signalized intersection of Hart Street
- Attractive Low In-Place Rent of $8.59 Per Square Foot: The current rental rate is significantly below market
- Corporate Guarantee by CVS Health Corporation (BBB Rated): The lease is backed by CVS Health Corporation
- Minimal Pharmacy Competition in Vincennes Market: Little to no direct pharmacy competition in the surrounding area
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,125 SF CVS Located at 1500 Hart St in Vincennes, IN. This Deal Comes With a 16-Year Absolute Triple Net (NNN) Lease, Providing For a Secure And Reliable Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,740,000 USD
PRICE/SF
$172 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - Vincennes, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.35 AC
LAND SF
58,806 SF
ZONING
-
APN/PARCEL ID
42-12-27-321-006.000-022
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214-972-6688
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214-972-6688
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