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1950 State St
New Albany, IN 47150
Fee Simple NNN CVS · Retail Property For Sale
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
$8,837,873 CAD
Price Per SF
$658.76 CAD
Cap Rate
7%
NOI
$618,666 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
Property Taxes
| Parcel Number | 22-05-03-400-106.000-008 | Improvements Assessment | $1,952,384 CAD |
| Land Assessment | $164,958 CAD | Total Assessment | $2,117,341 CAD |
Property Taxes
Parcel Number
22-05-03-400-106.000-008
Land Assessment
$164,958 CAD
Improvements Assessment
$1,952,384 CAD
Total Assessment
$2,117,341 CAD
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