|Escalations||3% Every 5 Years|
|Options||10, 5-Year Options|
|S & P Credit Rating||BBB|
Property DescriptionAn absolute NNN-leased CVS for sale, located in Noblesville, Indiana. With nearly 17 years of firm term remaining to an investment-grade tenant and zero landlord responsibilities, the offering represents an exceptional passive investment opportunity. The Property is situated on a hard corner of a busy intersection, which has an average daily vehicle count exceeding 60,000 over the two highways. The immediate area has witnessed an inflow of investment into the healthcare sector, from the new St. Vincent Neighborhood Hospital directly across the street to the state-of-the-art Community Health Pavilion just to the east. Noblesville is a suburb of Indianapolis, and the Property sits only 0.5-mile north of Fishers, which was named the No. 1 Best Place to Live in the U.S. by Money Magazine (2017). With energy and momentum cited as factors, as well as safety and school quality, the Property is in a prime location that is growing in vibrancy.
- Property has an absolute NNN lease with nearly 17 years of initial term remaining
- Zero landlord responsibilities
- Exceptional passive investment opportunity