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.