Greenfield, WI - CVS

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade (S&P: BBB), CVS investment property located in Greenfield, Indiana. The tenant has approximately 13 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor. The property is being with offered with a below-market rate assumable loan (see pg. 17 for details). CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia, and Puerto Rico.

CVS is strategically located near the signalized, hard-corner intersection of N. State Street and W. McKenzie Road, with an average of 36,600 vehicles passing by
daily. The property benefits from excellent visibility and access via significant street frontage, multiple points of ingress/egress, and a large monument sign. This CVS ranks among the top 6% of most visited CVS stores in Indiana and the top 8% nationally (per Placer.ai), indicating strong consumer demand and exemplary tenant performance. The investment is adjacent to Hancock Regional Hospital (105 beds), providing a direct consumer base to draw from. Situated in a dense retail corridor, nearby national/credit tenants include Walmart Supercenter (3.1M+ annual visitors – per Placer.ai), Kroger, The Home Depot, Kohl’s, Big Lots, ALDI, Planet Fitness, and more. Strong tenant synergy promotes crossover shopping to the subject property. The CVS benefits from limited competition, with the next nearest location being over 8.6 miles away. The 5-mile trade area is supported by a dense population of over 32,800 residents and 13,800 daytime employees, with an affluent average household income of $90,006.