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
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 15.5Yrs

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