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1700 N Walnut St
Hartford City, IN 47348
CVS · Retail Property For Sale
Investment Highlights
- Nearly Three Decades of Operating History - CVS Pharmacy has continuously operated from this location since rent commenced in July 1997.
- Grocery-Anchored Location - Positioned immediately adjacent to Needler’s Fresh Market and Save A Lot, the only two grocery stores serving Hartford Cit
- Drive-Thru Pharmacy - The property is equipped with a drive-thru pharmacy window, a key convenience driver for prescription and health services traffi
- Only National Pharmacy Chain in Blackford County - The subject property is the sole national retail pharmacy chain serving Hartford City and Blackford
- Proximity to IU Health Blackford - Located near IU Health Blackford, drawing added patient, visitor, and staff traffic to the corridor.
- Manufacturing Employment Base - The trade area is anchored by 3M Company and BRC Rubber and Plastics, supporting a stable local employment base.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,722 SF
Building Class
B
Year Built
1997
Price
$2,174,392
Price Per SF
$202.80
Cap Rate
7.15%
NOI
$155,469
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.34 AC
Zoning
ZO01
Property Taxes
| Parcel Number | 05-03-02-303-082-000-006 | Improvements Assessment | $1,318,200 |
| Land Assessment | $69,100 | Total Assessment | $1,387,300 |
Property Taxes
Parcel Number
05-03-02-303-082-000-006
Land Assessment
$69,100
Improvements Assessment
$1,318,200
Total Assessment
$1,387,300
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