717 N 3rd St - Drug Store FOR SALE


Logansport, IN 46947
$3,912,500 USD
918-494-2690
717 N 3rd St, Logansport, IN for Sale
$3,912,500 USD
Drug Store - FOR SALE
1/3
null | 6% Cap Rate

717 N 3rd St
Logansport, IN 46947


HIGHLIGHTS

  • Investment Grade Credit Tenant
  • Longstanding History and Recent Renewal
  • Low Rent-to-Sales Ratio
  • Great Visibility & Ease of Access
  • Established Regional Hub
  • Long Remaining Lease Term on Net Lease Structure

OVERVIEW

The Property is 100% occupied by CVS Health Corporation and is subject to a NN lease with limited landlord responsibilities. There are 15 years remaining on the base lease term with 5, 5-year renewal option periods and 5% rent increases at the beginning of each option period. The Property is located in Logansport, Indiana, the largest city and county seat of Cass County. Logansport is centrally positioned between Indianapolis and Chicago, providing convenient access to major Midwest population centers, and serves as the primary commercial and employment hub for the surrounding region. Located less than one mile from the Property, Parkview Logansport Hospital is an 83-bed, full-service medical facility widely recognized for delivering high-quality care to the Cass County region. In Association With BJ Feller, IN Lic #RB14036515

FOR SALE DETAILS

PRICE

$3,912,500 USD

PRICE/SF

$375 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

09-17-44-225-021.000-010

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

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