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789 State Route 39 Byp
Martinsville, IN 46151
CVS - 10M Store Sales - Rent Increases · Retail Property For Sale
Investment Highlights
- Top Performing CVS – CVS is reporting nearly $10M in revenue annually; average store reports approximately $7M annually
- Extremely Cheap Rent - CVS pays just $185,000 in rent; nearly half of what new CVS buildings pay in rent
- Strong Rent Increases – 1.36% rent increase during base term, 15% rent increase in 2028, and 3% increase in 2033
- Upcoming Major Parking Lot Renovations - At occurring at tenant expense in June of 2018
- Commitment to Location – After the initial 20-year lease, CVS signed a new 10-year lease extension in 2017
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,608 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.84 AC
Parking
50 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 55-13-04-170-005.000-021 | Improvements Assessment | $1,433,100 |
| Land Assessment | $566,300 | Total Assessment | $1,999,400 |
Property Taxes
Parcel Number
55-13-04-170-005.000-021
Land Assessment
$566,300
Improvements Assessment
$1,433,100
Total Assessment
$1,999,400
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