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    730 In-32 Westfield, IN

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    For Sale
    $5,950,000

    NNN leased CVS Pharmacy in Westfield, Indiana.

    Property size:
    14,866 SF
    Lot size:
    1.38 Acres

    Property Features for 730 In-32

    General Information

    Size
    14,866 SF
    Lot size
    1.38 Acres

    Source: SRS Industrial - Newport Beach Agent Kyle Zimmer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    CVS Pharmacy Leasehold Investment

    This offering presents the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased CVS Pharmacy investment property located in Westfield, Indiana, part of the Indianapolis MSA. The tenant has approximately 18 years remaining on the lease, with 4 (5-year) options to extend, demonstrating a commitment to the location. The lease structure is absolute NNN, assigning zero landlord responsibilities, making it a management-free investment opportunity. The lease incorporates 7.5% rental increases at the beginning of each option period. The property is 14866 square feet. CVS Pharmacy is a leading retail pharmacy with nearly 10,000 locations across 49 states.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jovial Eyes, NICE-Xtracts CBD Health & Wellness, CVS, CVS Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0427626
    Latitude
    40.1290331

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    FAQs

    What type of property is this?
    Drug store - NNN leased CVS Pharmacy in Westfield, Indiana.
    Where is this drug store located?
    The property is located at 730 In-32 Westfield, IN.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free, passive investment.; - Approximately 18 years remaining on the lease term demonstrates tenant commitment.; - CVS Pharmacy is a leading national retail pharmacy with nearly 10,000 locations.
    (949) 698-1100
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    730 In-32 Westfield, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    730 In-32 Westfield, IN
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