CVS - Noblesville, IN

Asset Type

Retail

Address
14575 Mundy Dr Noblesville, IN United States 46060-7224
Asking Price

S$14,040,000

Sq Footage

12,900

Year Built

2009

Cap Rate

5.15%

Additional Attributes
Escalations 3% Every 5 Years
Lease Expiration 2035-01-31
Lease Type NNN
Options 10, 5-Year Options
S & P Credit Rating BBB
Tenant CVS Health

Property Description

An 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.

Investment Highlights

  • Property has an absolute NNN lease with nearly 17 years of initial term remaining
  • Zero landlord responsibilities
  • Exceptional passive investment opportunity 
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
John Robinson
John Robinson
Managing Director
+65 3159 4021
IN - RC50900387
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