CVS Delphi, IN

Property Price: $2,857,000
Property Status: Closed
Property Type: Retail
Cap Rate: 5.25%
Lease Type: Fee Simple
Tenant Type: Single Tenant
NOI: $150,000
Building Size: 10,722 sf
Land Area: 1.54 Acres
Remaining Term: 20 Yrs.
Expenses: NN

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Stan Johnson Company and Landes Fairmount Properties is pleased to exclusively offer the opportunity to purchase a 100% fee simple interest in a free standing CVS Pharmacy located in Delphi, IN. CVS recently executed a new 20 year lease renewal and has demonstrated a history of strong sales at this location. They have operated at this location for over 19 years.

This is a very profitable store for CVS, demonstrated by strong sales and well below national average rent of only $13.99/SF. This is some of the most inexpensive drugstore rent seen across the country. Given the recent lease extension and low occupancy cost, they are likely to remain at this location indefinitely, making this one of the most secure net lease investments offered in today’s marketplace.

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Agent Contact Information

Justin Grissen
Managing Director

Austin Landes
Investment Advisor

Caleb Landes
Investment Advisor