CVS Pharmacy for Sale in Indianapolis, IN
Indianapolis, IN
Key Investment Metrics
Price
$4,888,889
Cap Rate
6.8%
Net Operating Income
$330,000
Building Size
12424 SF
Land Area
1.33 Acres
Remaining Term
12.3 years
Lease Expiration
10/31/2038
Lease Term
15 years
Lease Commencement
10/21/2023
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1993
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
CVS Pharmacy in Indianapolis
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 12,424 SF
- Land area
- 1.33 acres
- Year built
- 1993
- Lease type
- NNN
- Lease expiration
- 10/31/2038
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.