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Fee Simple NNN CVS 1950 State St 13,416 SF Retail Building New Albany, IN 47150 $8,828,064 CAD ($658.03 CAD/SF) 7% Cap Rate
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
$8,828,064 CAD
Price Per SF
$658.03 CAD
Cap Rate
7%
NOI
$617,979 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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 13,464 SF
- $45.89 CAD
- Triple Net
- Jan 2041
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 13,464 SF | $45.89 CAD | Triple Net | Jan 2041 |
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-05-03-400-106.000-008 | Improvements Assessment | $1,586,323 CAD |
| Land Assessment | $164,853 CAD | Total Assessment | $1,751,176 CAD |
Property Taxes
Parcel Number
22-05-03-400-106.000-008
Land Assessment
$164,853 CAD
Improvements Assessment
$1,586,323 CAD
Total Assessment
$1,751,176 CAD
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Fee Simple NNN CVS | 1950 State St
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