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- LoopNet Team
2423 N National Rd
Columbus, IN 47201
24 Hr CVS w/ MinuteClinic | New 20 Year Term · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $209 billion in 2019
- Positioned along Main Retail Hub Adjacent to Columbus Center – 393,000 square foot retail power center anchored by Target, TJ Maxx and more
- Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
- Less than One Mile from Columbus Regional Health Hospital – 225 bed regional facility with over 2,100 employees service a 10 county region
- 24 Hour Location with Minute Clinic and Drive-Thru – The site is positioned on a hard corner location with easy access via two main traffic arteries
PROPERTY FACTS
AMENITIES
- Corner Lot
- Drive Thru
ABOUT 2423 N NATIONAL RD , COLUMBUS, IN 47201
The subject property is a 12,900 square foot CVS located in Columbus, Indiana. CVS has shown long term commitment to the site having executed a new 20 year firm lease term which runs through 2039. The lease is structured with five percent rent increases between each of the four 5-year renewal options. The lease is absolute net providing for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $209 billion in 2019. Located at the intersection of National Road and 25th Street, the subject property is positioned in the heart of the area’s main retail hub adjacent to Columbus Center, a 393,000 square foot retail center anchored by Target, TJ Maxx, OfficeMax, Big Lots, Family Dollar and more. Additionally, CVS is just east of Fairoaks Mall, a 270,000 square foot regional mall anchored by Carson’s, JC Penney, Cummins International and many others. The subject property is also situated less than a mile from the Columbus Regional Health Hospital, a 225 bed facility with over 2,100 employees serving a 10 county region.
PROPERTY TAXES
| Parcel Number | 03-96-17-310-002.800-005 | Improvements Assessment | $473,900 |
| Land Assessment | $536,300 | Total Assessment | $1,010,200 |
PROPERTY TAXES
