CVS Pharmacy - Lebanon, IN

207 S Lebanon St Lebanon , IN 46052

CVS Pharmacy - Lebanon, IN - retail for sale

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Overview



CVS Pharmacy for sale, located at the intersection of Lebanon and West South streets. CVS has leased this property since 2002, showing a long-term commitment to the location. Set within a high-visibility intersection that sees over 24,900 vehicles pass through on a daily basis.

Investment highlights


  • Property features a net lease structure with over 18 years remaining
  • Includes four 5-year renewal options with 6% rental increases for each
  • Lease is backed by a corporate guarantee by CVS Corporation


General
Property type Retail
Tenure type Sale/Purchase
Property address 207 S Lebanon St, Lebanon, IN 46052-2544
Building size 10,880  ft2
Year built 2002
Financial
Price $5,074,036
Cap rate 5.50%
Current NOI $279,072.00
Lease
Tenant's name CVS Health
Lease type NN
Annual rent $279,072.00
Lease expiration date 01/31/2038
Remaining term 18.4Yrs

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