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425 E Memorial Dr
Muncie, IN 47302
CVS Pharmacy · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • CVS (NYSE: CVS) is One of the Three Largest Drugstore Chains in the U.S.; The Industry Leading Retailer Has a Current S&P Credit Rating of BBB+/Stable
  • CVS is Paying Well Below Market Rent at This Location, Making the Income Easily Replaceable
  • Over 30,600-43,000 Employees Work Within the 3-Mile and 5-Mile Radius of the Site, Respectively
  • CVS Has Been Operating at This Location Since 1996 and Recently Signed a Brand New 15 Year Lease Extension Demonstrating Commitment to the Site
  • Property Features Rare Rental Increases During the Option Periods at This Location
  • Ball State University, Home to Over 22,000 Students and 3,000 Employees, is Located in Muncie, IN

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
10,772 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.07 AC
Zoning
GB - General Business
Parking
30 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
237’ on E Memorial Dr

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-11-22-104-006.000-003
Land Assessment
$270,000
Improvements Assessment
$553,200
Total Assessment
$823,200
  • Listing ID: 19519376

  • Date on Market: 5/12/2020

  • Last Updated:

  • Address: 425 E Memorial Dr, Muncie, IN 47302

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