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1221 W Monroe St
Decatur, IN 46733
CVS · Retail Property For Sale
Investment Highlights
- Rent increases by 26.81% in the first option.
- Surrounded by 1.1 MSF of retail within a 3-mile radius.
- Positioned on a hard corner at a signalized intersection.
Executive Summary
Absolute NNN Lease with Corporate Guaranty
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,200 SF
Building Class
C
Year Built
1999
Price
$2,393,443
Price Per SF
$234.65
Cap Rate
6.10%
NOI
$146,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.28 AC
Parking
59 Spaces (5.78 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Awning
Property Taxes
| Parcel Numbers | Improvements Assessment | $539,000 | |
| Land Assessment | $181,200 | Total Assessment | $720,200 |
Property Taxes
Parcel Numbers
Land Assessment
$181,200
Improvements Assessment
$539,000
Total Assessment
$720,200
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