CVS Pharmacy For Sale Drugstore NN Lease Indiana

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

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