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1500 Hart St
Vincennes, IN 47591

$1,740,000 USD

Drugstore For Sale  •  10,125 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,125 SF
  • Lot Size 1.35 AC
  • Building Class B
  • Year Built 2002
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
69 Walk Score

Highlights

Long-Term Lease Stability – 16 Years Remaining: The property benefits from a secure, long-term lease with approximately 16 years remaining
Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities: The tenant is fully responsible for all property expenses
Strategically Positioned at a High-Traffic, Signalized Intersection: The property is prominently located at the signalized intersection of Hart Street
Attractive Low In-Place Rent of $8.59 Per Square Foot: The current rental rate is significantly below market
Corporate Guarantee by CVS Health Corporation (BBB Rated): The lease is backed by CVS Health Corporation
Minimal Pharmacy Competition in Vincennes Market: Little to no direct pharmacy competition in the surrounding area
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS 10,125 SF 7/31/2041

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Cayson Willeford 214-972-6688 Sands Investment Group Austin, LLC
Cayson Willeford 214-972-6688 Sands Investment Group Austin, LLC