3824 Main St
Anderson, IN 46013
Anderson, IN | $3M | Exceptional Sales · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by CVS Corporation with over 9,900 locations.
- EXCEPTIONAL SALES VOLUMES - This location performs above the national average for CVS with reported sales per square foot average above $1,000.
- NEAR 141-BED REGIONAL HOSPITAL - St. Vincent Anderson Regional, the city's largest employer, is a 141-bed hosp.located ±1.5 mi from subject property.
- 20 YR LEASE EXTENSION W/ INCREASES - CVS extended the lease by 20 yrs. Over 17 yrs of lease term left w/ 4 (5-yr) options to extend and 5% increases.
- LIMITED DRUGSTORE COMPETITION – 1 of only 2 drugstores within a 2.75-mi radius. No other CVS in a 4-mi radius & Walgreens is 1.3 mi E of the subject.
- RETAIL CORRIDOR - National retail tenants in the area include Walmart, Lowe's, Starbucks, Hobby Lobby, Office Depot, Bath & Body Works, Kohl's & more.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,125 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
7.75 AC
Zoning
Commercial
Parking
47 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
66’ on Main Street
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 48-11-25-101-015.000-003 | Improvements Assessment | $1,252,800 |
| Land Assessment | $315,200 | Total Assessment | $1,568,000 |
