1700 N Walnut St - Freestanding FOR SALE


Hartford City, IN 47348
$2,174,392 USD
847-562-0003
1700 N Walnut St, Hartford City, IN for Sale
$2,174,392 USD
Freestanding - FOR SALE
1/3
null | 7.15% Cap Rate

1700 N Walnut St
Hartford City, IN 47348


HIGHLIGHTS

  • Nearly Three Decades of Operating History - CVS Pharmacy has continuously operated from this location since rent commenced in July 1997.
  • Only National Pharmacy Chain in Blackford County - The subject property is the sole national retail pharmacy chain serving Hartford City and Blackford
  • Grocery-Anchored Location - Positioned immediately adjacent to Needler’s Fresh Market and Save A Lot, the only two grocery stores serving Hartford Cit
  • Proximity to IU Health Blackford - Located near IU Health Blackford, drawing added patient, visitor, and staff traffic to the corridor.
  • Drive-Thru Pharmacy - The property is equipped with a drive-thru pharmacy window, a key convenience driver for prescription and health services traffi
  • Manufacturing Employment Base - The trade area is anchored by 3M Company and BRC Rubber and Plastics, supporting a stable local employment base.

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Hartford City, Indiana. The tenant has successfully operated at this location for nearly 30 years, having executed multiple renewal options that demonstrate a long-term commitment to the site. The current lease runs through June 2027 and features two five-year renewal options. CVS Health Corporation carries an investment-grade “BBB” rating from Standard & Poor’s. The 10,722 square-foot building is positioned along North Walnut Street (Indiana State Road 3), which carries 8,900 vehicles per day, and sits immediately adjacent to Needler’s Fresh Market and Save A Lot, the only two grocery stores serving Hartford City. The property also benefits from close proximity to IU Health Blackford, whose steady stream of patients, visitors, and staff adds further traffic to the corridor. The property further stands out as the only national retail pharmacy chain in Blackford County. Hartford City serves as the county seat of Blackford County. Major area employers include the Blackford County School System, BRC Rubber and Plastics, and 3M Company, the county’s largest manufacturing operation, supporting a stable base of daytime demand. CVS Health is one of the largest healthcare companies in the United States, operating through several major business segments including CVS Pharmacy retail stores, CVS Caremark pharmacy benefit management, and Aetna health insurance. Founded in 1963 by Stanley and Sidney Goldstein along with Ralph Hoagland as a health and beauty aid retailer in Lowell, Massachusetts, the company has grown into a Fortune 500 corporation headquartered in Woonsocket, Rhode Island, operating approximately 9,000 retail pharmacy locations across the country alongside walk-in medical clinics (MinuteClinic), specialty pharmacy services, and health insurance offerings following its 2018 acquisition of Aetna.

FOR SALE DETAILS

PRICE

$2,174,392 USD

PRICE/SF

$203 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

ZO01

APN/PARCEL ID

05-03-02-303-082-000-006

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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