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Investment Highlights

  • 10,296 SF building with 100% occupancy with absolute NNN Lease
  • Prime location in New Carlisle area centrally located in Indiana's Lake Country!
  • Built in 2005, zoned PUDM
  • Strong retail corner with major brands

Executive Summary

Introducing an exceptional opportunity for Retail / Retail Pad investors: 8989 E Us Highway 20, New Carlisle, IN. This impressive property features a 10,296 SF building, constructed in 2005 and zoned PUDM, offering 100% occupancy. Strategically located in the thriving New Carlisle area, this single tenant Absolute Triple Net Lease presents a prime investment proposition. Boasting high-traffic exposure and surrounded by well-established retail giants such as Kroger, Walgreens, Discount Tire, and more, this property provides a robust foundation for retail success. Don't miss the chance to become part of the flourishing
retail landscape in this rapidly growing Indianapolis suburb.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,296 SF
Building Class
C
Year Built
2005
Price
$2,080,000
Price Per SF
$202.02
Cap Rate
7.99%
NOI
$166,249
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.30 AC
Zoning
C - Commercial
Parking
52 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
416’ on North 900 East

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
20/100
Exceptionally drivable
100/100

Property Taxes

Property Taxes

Parcel Number
46-04-33-276-028.000-050
Land Assessment
$51,900
Improvements Assessment
$627,700
Total Assessment
$679,600
  • Listing ID: 39239976

  • Date on Market: 1/28/2026

  • Last Updated:

  • Address: 8989 E Us Highway 20, New Carlisle, IN 46552

Contact the Sale Advisor

CVS | 8989 E Us Highway 20

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