CVS Pharmacy
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For Sale
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1221 West Monroe Street, Decatur, IN 46733
Absolute NNN lease with corporate guaranty and extended term through 2039.
Property SizeContact for details
Days on Market4
Property Features for 1221 West Monroe Street
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Additional Details
Corner Location
Yes
Building Details
Tenancy
Single
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
CVS Pharmacy occupies a property supported by an absolute NNN lease and a corporate guaranty from CVS Health Corporation. The agreement was extended through 2039, provides approximately 13.1 years of remaining term, and includes ten 5-year renewal options. Rent increases by 26.81% during the first option period. The store has operated at the site since 1999.
The property sits at the signalized, hard-corner intersection of West Monroe Street and North 13th Street in Decatur. Traffic counts are 8,281 VPD on West Monroe Street and 20,827 VPD on North 13th Street, with direct access to Fort Wayne 21.5 miles north. The site is within Decatur’s primary retail area, surrounded by 1.1 MSF of retail and 1.5 MSF of industrial within a 3-mile radius. Nearby demand drivers include Walmart Supercenter, Kroger, Adams Memorial Hospital, local schools, parks, and multiple industrial users.
The property sits at the signalized, hard-corner intersection of West Monroe Street and North 13th Street in Decatur. Traffic counts are 8,281 VPD on West Monroe Street and 20,827 VPD on North 13th Street, with direct access to Fort Wayne 21.5 miles north. The site is within Decatur’s primary retail area, surrounded by 1.1 MSF of retail and 1.5 MSF of industrial within a 3-mile radius. Nearby demand drivers include Walmart Supercenter, Kroger, Adams Memorial Hospital, local schools, parks, and multiple industrial users.
Key Highlights
- Absolute NNN lease extended through 2039
- Corporate guaranty from CVS Health Corporation
- Approximately 13.1 years of lease term remaining
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 46733, IN
18,669
Population
8,307
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
108
Density / Sq Mi
$63,804
Median Household Income
$41,394
Median Earnings
$818
Median Rent
$162,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with corporate guaranty and extended term through 2039.
Where is this drug store located?
The property is located at 1221 West Monroe Street Decatur, IN.
What is the asking price?
The asking price for this property is $2,393,443.
What are key features of this property?
This property features: Absolute NNN lease extended through 2039; Corporate guaranty from CVS Health Corporation; Approximately 13.1 years of lease term remaining
