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CVS - Vincennes, IN 1500 Hart St 10,125 SF Retail Building Vincennes, IN 47591 $2,428,901 CAD ($239.89 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease Stability – 16 Years Remaining: The property benefits from a secure, long-term lease with approximately 16 years remaining
- Strategically Positioned at a High-Traffic, Signalized Intersection: The property is prominently located at the signalized intersection of Hart Street
- Corporate Guarantee by CVS Health Corporation (BBB Rated): The lease is backed by CVS Health Corporation
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities: The tenant is fully responsible for all property expenses
- Attractive Low In-Place Rent of $8.59 Per Square Foot: The current rental rate is significantly below market
- Minimal Pharmacy Competition in Vincennes Market: Little to no direct pharmacy competition in the surrounding area
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,125 SF CVS Located at 1500 Hart St in Vincennes, IN. This Deal Comes With a 16-Year Absolute Triple Net (NNN) Lease, Providing For a Secure And Reliable Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,125 SF
Building Class
B
Year Built
2002
Price
$2,428,901 CAD
Price Per SF
$239.89 CAD
Cap Rate
5%
NOI
$121,445 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.35 AC
Parking
50 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
784’ on Shelby Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CVS
- Health Care and Social Assistance
- 10,125 SF
- $11.99 CAD
- Jul 2041
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CVS | Health Care and Social Assistance | 10,125 SF | $11.99 CAD | Jul 2041 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 42-12-27-321-006.000-022 | Improvements Assessment | $1,304,413 CAD |
| Land Assessment | $221,089 CAD | Total Assessment | $1,525,502 CAD |
PROPERTY TAXES
Parcel Number
42-12-27-321-006.000-022
Land Assessment
$221,089 CAD
Improvements Assessment
$1,304,413 CAD
Total Assessment
$1,525,502 CAD
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CVS - Vincennes, IN | 1500 Hart St
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