425 E Memorial Dr | Muncie, IN 47302
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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
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
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 18-11-22-104-006.000-003 | Improvements Assessment | $553,200 |
| Land Assessment | $270,000 | Total Assessment | $823,200 |
PROPERTY TAXES
Parcel Number
18-11-22-104-006.000-003
Land Assessment
$270,000
Improvements Assessment
$553,200
Total Assessment
$823,200
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