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NNN CVS - Walkerton, IN 300 Liberty St 7,400 SF Retail Building Walkerton, IN 46574 $575,000 ($77.70/SF) 9.39% Cap Rate
Investment Highlights
- Recent Option renewal with Rental Increase
- Low Rent
- Long Standing Operating History as a Pharmacy since 1974
- Nearest CVS is over 16 Miles Away
Executive Summary
True NNN Corporate guaranteed CVS Lease with Low Rent and scheduled Rental Increases. CVS recently exercised their option with a rental increase. No other pharmacies within 17 miles of this location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
C
Year Built
1974
Price
$575,000
Price Per SF
$77.70
Cap Rate
9.39%
NOI
$54,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.48 AC
Zoning
C - commercial districts, which are areas that allow commercial uses.
Parking
33 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
109’ on Indiana 23
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,400 SF
- $7.29
- Triple Net
- Jul 2029
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 7,400 SF | $7.29 | Triple Net | Jul 2029 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 71-16-24-152-008.000-015 | Improvements Assessment | $145,400 |
| Land Assessment | $100,100 | Total Assessment | $245,500 |
Property Taxes
Parcel Number
71-16-24-152-008.000-015
Land Assessment
$100,100
Improvements Assessment
$145,400
Total Assessment
$245,500
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NNN CVS - Walkerton, IN | 300 Liberty St
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