CVS Drugstore on NNN Ground
1700 East Main Street, Plainfield, IN 46168
For Sale
Contact for pricing
The tenant is responsible for property operating costs, including taxes, insurance, maintenance, roof, and structure.
Property Size10,125 SF
Lot Size1.08 Acres
Price / SF$283.26
Days on Market19
Property Features for 1700 East Main Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Traffic Count
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Matthew Gorman · License PA RS287470
(215) 603-6914
Source:
Crexi
Added: Oct 22
Changed: Nov 9
Last Checked: Nov 8 at 4:38PM
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 - Philadelphia Suburban
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 10,125-square-foot CVS drugstore occupies a 1.076-acre fee simple parcel in Plainfield, Indiana. CVS Health Corporation leases the property under an NNN ground lease and provides a corporate guarantee. The tenant handles operating expenses, including taxes, insurance, CAM, roof, and structure, as well as on-site property management. Approximately five years remain on the current extension, followed by seven additional five-year renewal options. Rent increases by 6% at the start of each option period.
The property is at the corner of East Main Street (US Route 40) and Linden Lane, along Plainfield’s established retail corridor. East Main Street carries 37,290 vehicles per day. The site is near an industrial park with employers including Amazon, Walmart, GEODIS, Ford, Siemens, Nestlé, and Belkin.
The property is at the corner of East Main Street (US Route 40) and Linden Lane, along Plainfield’s established retail corridor. East Main Street carries 37,290 vehicles per day. The site is near an industrial park with employers including Amazon, Walmart, GEODIS, Ford, Siemens, Nestlé, and Belkin.
Key Highlights
- 10,125‑square‑foot CVS drugstore on a 1.076‑acre fee simple parcel
- NNN ground lease with approximately 5 years remaining on the current extension
- Seven additional 5‑year renewal options, with 6% rent increases at each option period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,673
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,460
$2.6M
Cap Rate 7%
$1,866,757
$1.9M
Cap Rate 9%
$1,451,922
$1.5M
Market Conditions
NOI Build-Up for 10,125 SF
Gross rent
$182.3K $18.00/SF
− Vacancy
−$8.0K −$0.79/SF
EGI
$174.2K $17.21/SF
− OpEx
−$43.6K −$4.30/SF
NOI
$130.7K $12.91/SF
Area
Hendricks County, IN
Vacancy
4.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,460
Cap Rate 7%
$1,866,757
Cap Rate 9%
$1,451,922
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,673 @ 7.0% cap · market cap 4.56%
Second Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,962 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,915 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
37,290 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
267k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 34%
Shops & Services 18%
Home Improvements & Furnishings 3%
Meijer
Groceries
70,709 visits/mo
0.4 miles
Kroger
Groceries
45,467 visits/mo
0.2 miles
Speedway
Shops & Services
17,684 visits/mo
0.1 miles
SONIC Drive In
Dining
16,063 visits/mo
0.3 miles
McAlister's Deli
Dining
11,942 visits/mo
0.2 miles
Demographics for 46168, IN
37,681
Population
14,426
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
32.8 sq mi
ZIP Area
1,149
Density / Sq Mi
$87,315
Median Household Income
$45,252
Median Earnings
$1,307
Median Rent
$271,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- John R. DeBoer, RPh — 1516 E Main St, Plainfield, IN 46168
- Deborah L. Jeffries, RPH — 1516 E Main St, Plainfield, IN 46168
- Kelli Yaros, PharmD — 1516 E Main St, Plainfield, IN 46168
- COVID-19 Drive-Thru Testing at Walgreens — 1516 E Main St, Plainfield, IN 46168
- Walgreens Pharmacy — 1516 E Main St, Plainfield, IN 46168
Frequently Asked Questions
What type of property is this?
Drug store - The tenant is responsible for property operating costs, including taxes, insurance, maintenance, roof, and structure.
Where is this drug store located?
The property is located at 1700 East Main Street Plainfield, IN.
What is the asking price?
The asking price for this property is $2,868,000.
What are key features of this property?
This property features: 10,125‑square‑foot CVS drugstore on a 1.076‑acre fee simple parcel; NNN ground lease with approximately 5 years remaining on the current extension; Seven additional 5‑year renewal options, with 6% rent increases at each option period
