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CVS Pharmacy 717 N 3rd St 10,125 SF Retail Building Logansport, IN 46947 $5,317,909 CAD ($525.23 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Investment Grade Credit Tenant
  • Low Rent-to-Sales Ratio
  • Established Regional Hub
  • Longstanding History and Recent Renewal
  • Great Visibility & Ease of Access
  • Long Remaining Lease Term on Net Lease Structure

EXECUTIVE SUMMARY

The Property is 100% occupied by CVS Health Corporation and is subject to a NN lease with limited landlord responsibilities. There are 15 years remaining on the base lease term with 5, 5-year renewal option periods and 5% rent increases at the beginning of each option period.
The Property is located in Logansport, Indiana, the largest city and county seat of Cass County. Logansport is centrally positioned between Indianapolis and Chicago, providing convenient access to major Midwest population centers, and serves as the primary commercial and employment hub for the surrounding region. Located less than one mile from the Property, Parkview Logansport Hospital is an 83-bed, full-service medical facility widely recognized for delivering high-quality care to the Cass County region.
In Association With BJ Feller, IN Lic #RB14036515

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1999
Price
$5,317,909 CAD
Price Per SF
$525.23 CAD
Cap Rate
6%
NOI
$319,075 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.33 AC
Frontage
211’ on 3rd St

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jan 2019

CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Jan 2019
Walk Score®
Very Walkable (71)
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
Ymca
IGA
  • Listing ID: 39237301

  • Date on Market: 2026-01-28

  • Last Updated:

  • Address: 717 N 3rd St, Logansport, IN 46947

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