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Fee Simple NNN CVS 1950 State St 13,416 SF Retail Building New Albany, IN 47150 $9,492,256 CAD ($707.53 CAD/SF) 6.69% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Outparcel to Baptist Health Floyd Hospital as well as the Floyd County Health Department.
  • New Albany, IN is located on the Indiana/Kentucky border and is part of the larger Louisville, KY MSA.
  • Baptist Health Floyd has emerged as an outstanding regional healthcare provider, with a well-built team of more than 600 physicians.

EXECUTIVE SUMMARY

Fee Simple NNN CVS Property - 15+ Years of Guaranteed Lease Term Remaining - Rental Increases in each option - Outparcel to Hospital

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,416 SF
Year Built
2015
Price
$9,492,256 CAD
Price Per SF
$707.53 CAD
Cap Rate
6.69%
NOI
$634,768 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.81 AC
Parking
45 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
135’ on Green Valley Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 13,464 SF
  • $47.14 CAD
  • Triple Net
  • Jan 2041

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 13,464 SF $47.14 CAD Triple Net Jan 2041
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

PNC Bank
Bank of America
Rent-A-Center
Starbucks
Kroger
WesBanco
Five Guys
Bestway Rent To Own

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-05-03-400-106.000-008
Land Assessment
$169,046 CAD
Improvements Assessment
$1,626,666 CAD
Total Assessment
$1,795,712 CAD
  • Listing ID: 38241533

  • Date on Market: 2025-10-28

  • Last Updated:

  • Address: 1950 State St, New Albany, IN 47150

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