103 S Ohio St
Culver, IN 46511
CVS · Commerce de détail Propriété À vendre

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Culver, Indiana. The tenant has operated at this location for over 50 years, having exercised multiple renewal options that demonstrate a long-term commitment to the site. The current lease runs through January 2032 and features only one remaining five-year renewal option. Additionally, the next rental escalation occurs February 2027. CVS Health Corporation carries an investment-grade “BBB” rating from Standard & Poor’s.
The 7,500 square-foot property is positioned at the intersection of West Jefferson Street and South Ohio Street, within Culver’s historic downtown commercial corridor. The property benefits from a 2016 landlord-funded exterior remodel that added a drive-thru pharmacy lane, modernizing the asset and enhancing customer convenience. The site is within walking distance of Lake Maxinkuckee (Indiana’s second-largest natural lake) and Culver Academies, a college-preparatory boarding school with approximately 840 students that anchors the local economy and drives consistent daytime traffic. The property also shares its compact downtown corridor with Ace Hardware and other established local businesses and sits within a five-mile trade area with an average household income exceeding $90,000.
CVS Health is one of the largest healthcare companies in the United States, operating through several major business segments including CVS Pharmacy retail stores, CVS Caremark pharmacy benefit management, and Aetna health insurance. Founded in 1963 by Stanley and Sidney Goldstein along with Ralph Hoagland as a health and beauty aid retailer in Lowell, Massachusetts, the company has grown into a Fortune 500 corporation headquartered in Woonsocket, Rhode Island, operating approximately 9,000 retail pharmacy locations across the country alongside walk-in medical clinics (MinuteClinic), specialty pharmacy services, and health insurance offerings following its 2018 acquisition of Aetna.