CVS - Noblesville, IN

14575 Mundy Dr Noblesville , IN 46060-7224

CVS - Noblesville, IN - retail for sale

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Overview



Freestanding CVS in a prime location for sale, just half a mile north of Fishers, which was named the Number 1 Best Place to Live in the U.S. by Money Magazine in 2017. Situated on a hard corner of a busy intersection, the immediate area has seen an influx of investment into the healthcare sector, with the new St. Vincent Neighborhood Hospital directly across the street and state-of-the-art Community Health Pavilion to the east.

Investment highlights


  • Property has an absolute NNN lease with nearly 17 years of initial term remaining
  • Zero landlord responsibilities
  • Exceptional passive investment opportunity 
General
Property type Retail
Tenure type Sale/Purchase
Property address 14575 Mundy Dr, Noblesville, IN 46060-7224
Market Indianapolis
Land in acres 1.57
Building size 12,900  ft2
Year built 2009
Financial
Price $10,245,000
Cap rate 5.15%
Current NOI $527,534.00
Lease
Tenant's name CVS Health
Credit rating (S&P) BBB
Lease type NNN
Lease expiration date 01/31/2035
Remaining term 15.4Yrs

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