501-503 3rd St | Covington, IN 47932
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501-503 3rd St
Covington, IN 47932
CVS Covington Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased with Long Historical Tenancy
- New 15yr CVS Extension with NO Rent Holiday
- Offered Free and Clear of Debt
- Anchored by CVS and Subway (Corporate Credit)
- Below-Market Rents
- No National Pharmacy Competition in the Surrounding Trade Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,080 SF
Building Class
B
Year Built
1993
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.95 AC
Zoning
C
Parking
55 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
72’ on 3RD ST
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $527,200 | |
| Land Assessment | $127,400 | Total Assessment | $654,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$127,400
Improvements Assessment
$527,200
Total Assessment
$654,600
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