Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Building Area

Property Description

JLL is pleased to offer for sale the fee-simple interest in a corporate Absolute NNN Lease CVS Pharmacy located in Rensselaer, Indiana. Located in the heart of the area's downtown region, the asset is surrounded by the county government buildings in addition to the local business pocket and several local restaurant staples.

The tenant recently extended their existing lease to a brand new 20-year term, giving an investors the chance to enjoy long-term stability backed by investment-grade credit in CVS Pharmacy

Investment Highlights

  • 20-year absolute NNN lease extension with zero landlord responsibilities
  • Essential services oriented tenancy with investment grade guaranty (S&P: BBB)
  • Full service CVS with drive-thru pharmacy
  • Centralized location in downtown Rensselaer with minimal competition
Last Updated Date: 17 Nov 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 17 Nov 2020

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