Sands Investment Group | SIG
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Strip Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • Net Lease Insider
    • FAQ
  • Contact
  • Careers
  • Search
  • Menu Menu
844.4.SIG.NNN
info@SIGnnn.com

CVS Pharmacy For Sale Drugstore NN Lease Indiana

CVS Pharmacy | Muncie, IN
Make an Offer
Investment Offering

Tenant: CVS Pharmacy | Muncie, IN
Premises: 10,722 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 6/20/2033
Lease Type: NN
Rental Increases: Flat in Primary Term & 5% At Options


We Are Pleased to Offer the CVS Pharmacy For Sale Located at 425 E Memorial Drive in Muncie, Indiana.

INVESTMENT-GRADE, NET LEASE OPPORTUNITY

  • CVS (NYSE: CVS) is One of the Three Largest Drugstore Chains in the U.S.; The Industry Leading Retailer Has a Current S&P Credit Rating of BBB+/Stable

MINIMAL LANDLORD RESPONSIBILITIES

  • Landlord is Only Responsible For Roof, Structure and Maintaining the Parking Lot; This Property Has Been Meticulously Maintained By the Landlord and the Tenant, With the Landlord Maintaining the Roof Twice a Year

LONG-TERM OPERATING HISTORY

  • CVS Has Been Operating at This Location Since 1996 and Recently Signed a Brand New 15 Year Lease Extension Demonstrating Commitment to the Site

ATTRACTIVE RENTAL STRUCTURE

  • CVS is Paying Well Below Market Rent at This Location, Making the Income Easily Replaceable
  • Property Features Rare Rental Increases During the Option Periods at This Location

EXCELLENT DAYTIME EMPLOYMENT COUNTS

  • Over 30,600-43,000 Employees Work Within the 3-Mile and 5-Mile Radius of the Site, Respectively

COLLEGE TOWN WITH PROXIMITY TO MAJOR EMPLOYERS

  • Ball State University, Home to Over 22,000 Students and 3,000 Employees, is Located in Muncie, IN
  • Generally, University Towns Generate Higher Front-End Sales at Drugstores Than Average For Similar Sized Municipalities
  • IU Health Ball Memorial Hospital (350 Beds & 2,930 Employees), Located in Muncie and Affiliated With Indiana University Medical, is the Largest Medical Complex in a 40-Mile Radius
  • Major Employers in Area Include: Maxon Corporation (250 Employees) is Less Than 1-Mile From the Property; Progress Rail Services (500 Employees), DIY Group, Inc. (295 Employees); Ivy Tech Community College (4,000 Students & 482 Employees); and Magna Powertrain (585 Employees) Are All Approximately 3-Miles From the Property

RETAIL DESTINATION FOR EAST CENTRAL INDIANA

  • Located Approximately 60-Miles North of Indianapolis, Muncie Serves as a Regional Business, Educational, Medical, Financial and Retail Hub, With a Trade Area Encompassing 9 Counties and Approximately 429,000 People
  • Property is Situated on a Hard Corner at the Busy Signalized Intersection of Madison St and E Memorial Drive (Combined Traffic Counts of Over 28,600 VPD)
  • Strategically Positioned Directly Across the Street From Walgreens and Adjacent to Advance Auto Parts
  • Nearby Tenants Include: Family Dollar, AutoZone, Taco Bell, Arby’s, KFC and Wendy’s
In Cooperation With
Latitude Commercial Realty, Inc. IN Lic. # Rc50900583
2342 Cline Avenue, Schererville, IN 46375

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview
CVS Pharmacy is the second largest pharmacy chain in the United States with more than 9,900 locations in 49 states including the District of Columbia and Puerto Rico. The company was founded in Lowell, Massachusetts and originally named the Consumer Value Store. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations and total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 12th largest company in the world serving 5 million customers each day. CVS sells prescription drugs and a wide assortment of general merchandise including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores. It also provides healthcare services to more than 1,100 MinuteClinic medical clinics in 33 states including the District of Columbia. As a pharmacy innovation company, CVS focuses on charitable giving in ways that will help people on their path to better health by improving health outcomes and building healthier communities. Their in-store fundraising campaigns, in-kind donations and corporate grants provide support for national nonprofit partners that are focused on helping people on their path to better health.
Area Overview

CVS Pharmacy | Muncie, IN

425 E Memorial Drive - Muncie, IN 47302

$1,700,000

Cap Rate: 5.88%
Status: Sold

CVS Pharmacy | Muncie, IN

Amar Goli

980.729.5626
amar@SIGnnn.com

Michael Smith

704.315.5044
msmith@SIGnnn.com

Justin Abney

980.231.2215
jabney@SIGnnn.com

Aaron McDermott

219.864.0200
aaron@latitudeco.com

Make an Offer
$5 BILLION IN SALES

Leverage our Platform
List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

Similar Listings of Interest

Vigouroux Marketplace | Mobile, AL

Vigouroux Marketplace | Mobile, AL

9948 Airport Boulevard - Mobile, AL 36608

Cap Rate: 7.66%
Available
$8,500,000
View Listing Download
Walgreens & Rite Aid Portfolio | WV & NY

Walgreens & Rite Aid Portfolio | WV & NY

- Various, WV & NY

Cap Rate: 6.68%
Available
$8,191,905
View Listing Download
Rite Aid 4-Unit Portfolio | PA

Rite Aid 4-Unit Portfolio | PA

- Various, PA

Cap Rate: 7.47%
Available
$7,493,333
View Listing Download
Walgreens | Hilltop, MN

Walgreens | Hilltop, MN

4880 Central Ave NE - Hilltop, MN 55421

Cap Rate: 7.07%
Available
$5,600,000
View Listing Download
CVS Pharmacy | Baton Rouge, LA

CVS Pharmacy | Baton Rouge, LA

9006 Greenwell Springs Road - Baton Rouge, LA 70814

Cap Rate: 6.50%
Available
$4,876,615
View Listing Download
CVS Pharmacy | Sylacauga, AL

CVS Pharmacy | Sylacauga, AL

2 N Broadway Avenue - Sylacauga, AL 35150

Cap Rate: 5.30%
Available
$4,361,585
View Listing Download
CVS Pharmacy | Apalachicola, FL

CVS Pharmacy | Apalachicola, FL

139 Avenue E - Apalachicola, FL 32320

Cap Rate: 4.65%
Available
$3,365,000
View Listing Download
CVS Pharmacy | Tifton, GA

CVS Pharmacy | Tifton, GA

111 E 8th Street - Tifton, GA 31794

Cap Rate: 6.85%
Available
$2,995,445
View Listing Download
CVS Pharmacy | Rocky Hill, CT

CVS Pharmacy | Rocky Hill, CT

2427 Main Street - Rocky Hill, CT 06067

Cap Rate: 7.75%
Available
$2,036,323
View Listing Download
SIG Influencer
Costar 2017
SC25
INC 5000
Reforum 2016
Costar 2016
Reforum 2015
Connect Media Top Broker 2019
Connect Media Woman
Connect Top Broker Award 2018

Categories

  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage

Information

  • Press
  • Testimonials
  • Careers

Support

  • Contact
  • Frequently Asked Questions
  • Letter of Intent
  • SIGives
  • SIG Intranet

Contact

Phone: 844.4.SIG.NNN
Fax: 844.328.5905
Email: info@SIGnnn.com
Instagram

Accessibility

SSL Certificate
Copyright © 2021 SIGnnn.com - All Rights Reserved. Privacy Policy
  • Twitter
  • Facebook
  • LinkedIn
  • Instagram
  • Youtube
  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Strip Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • Net Lease Insider
    • FAQ
  • Contact
  • Careers
  • Register
  • Login

Login/Register to Download this file

Please complete form below to continue.

Login/Register to Download this file

Please complete form below to continue.

Scroll to top
Get Property Updates

By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use