Delphi, IN - CVS

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, freestanding CVS investment property located in Delphi, Indiana. CVS has successfully operated at the site for over 20-years and has 10-years remaining on its lease with 5 (5-year) options to extend. The lease features 5% rental increases at the beginning of each option. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. CVS Health is one of the largest pharmacy and healthcare companies in the United States, operating approximately 9,000 retail pharmacy locations nationwide.

The subject property represents the only national drugstore chain within a 12-mile radius, providing a built-in, captive consumer base. The property is positioned along W. Main Street (8,500 VPD) at the heart of Delphi’s downtown commercial corridor, with neighboring tenants including Save-A-Lot, Family Dollar, and McDonald’s and Dollar General directly adjacent. The trade area is anchored by Indiana Packers Corporation, a major pork processing facility located just south of the city and Carroll County’s largest employer with approximately 2,000 employees, providing a dense, stable base of working population. Furthermore, Purdue University, one of the nation’s top-ranked public research universities with 40,000+ students and thousands of faculty and staff, is located approximately 20 miles southwest in Lafayette, further reinforcing the regional consumer draw to the Delphi trade area. The 5-mile trade area is supported by a population of 7,280 residents and 3,126 employees with an average household income of $82,101.

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Listing ID: a28TP000003Y64TYAS